(n). David and Susan made estimated Federal income tax payments of $1,750 each quarter , on 4/15/16, 6/15/16, 9/15/16, and 1/15/17. The total estimated tax payments for the year were $7,000 ($1,750 each quarter for David and Susan together) not $14,000 ($1,750 each quarter for both David and Susan separately). As directed by the Problem, prepare the Holmans Federal income tax return for 2016. As indicated by the problem, if they have a refund, they would prefer to have it credited (i.e., applied) against their 2017 taxes (presumably because they are expecting to have a required estimated tax payment obligation related to Davids self-employment income).