Martin S. Mason (Social Security number 111-11-1111) is 39 years old, an engineer by trade, and is married to Michele R. Mason, a homemaker (Social Security number 123-45-6789). The Masons live at 512 Main Street, Kirkland, WA 98033. They file a joint return and have two dependent children, Charlene, age 16, and Jordan, age 17. Charlenes Social Security number is 123-45-6788, and Jordans Social Security number is 123-45-6787. In 2022, Martin and Michele had the following transactions:

Martin received $280,000 in salary from Red Steel Corporation, where he is a construction engineer. Withholding for Federal income tax was $60,000. The amounts withheld for FICA taxes were as follows: $17,360 ($280,000 6.2%) for Social Security and $4,060 ($280,000 1.45%) for Medicare.

Martin and Michele received $400 interest on Northshore School District school bonds.

Martin received $2,300 interest from Wells Fargo

1. Martin and Michele received $2,200 in ordinary dividends from their brokerage account.
2. Martin and Michele received $2,200 in qualified dividends from their brokerage account
3. Martin and Michele had the following transactions in their brokerage account.
   1. Sale of 100 shares of ABE Company: Sold 10/15/2022 for $5,000 Purchased 3/1/2022 for $3,000, basis reported to IRS
   2. Sale of 100 shares of LMN Company: Sold 11/1/2022 for $4,000 Purchased 2/11/2017 for $7,500, basis reported to IRS
   3. Sales of 100 shares of XYZ Company: Sold 9/20/2022 for $500 Purchased 3/18/2018 for $3,000, basis reported to IRS

Martin paid $6,600 alimony to his former wife, Rose T. Morgan (Social Security number 123-45-6786). The divorce was finalized in 2016.

1. Michele inherited $20,000 from her aunt in 2021.

Martin and Michele will use the IRS Sales Tax Calculator for their sales tax deduction. They do not have any additional purchases that qualified for added sales tax.

Martin and Micheles itemized deductions were as follows:

Real estate taxes on their principal residence were $5,100.

Mortgage interest on their principal residence was $7,000.

Cash contributions to the church totaled $3,200.

11. The Mason's banking information (checking) is as follows: Bank Account Number: 111122223333; Routing Number is: 987654321

Tax Computation

Compute the Masons net tax payable (or refund due) for 2022.