Required information (The following information applies to the questions displayed below.) Sandy and John Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2022, Sandy worked as a computer technician at a local university, earning a salary of $152,000, and John worked part time as a receptionist for a law firm, earning a salary of $29,000. Sandy also does some Web design work on the side and reported revenues of $4,000 and associated expenses of $750. The Fergusons received $800 in qualified dividends and a $200 refund of their state income taxes. The Fergusons always itemize their deductions, and their itemized deductions were well over the standard deduction amount last year. Use Exhibit 8-10, Tax Rate Schedule. Dividends and Capital Gains Tax Rates, 2022 AMT exemption for reference. The Fergusons reported making the following payments during the year: State income taxes of $4,400. Federal tax withholding of $21,000. Alimony payments to Sandy's former spouse of $10,000 (divorced 12/31/2014). Child support payments for Sandy's child with her former spouse of $4,300. $12.200 of real property taxes. John was reimbursed $600 for employee business expenses he incurred. He was required to provide documentation for the expenses to his employer. $3,600 to Kid Care day care center for Samantha's care while Sandy and John worked. $14,000 interest on their home mortgage ($400,000 acquisition deb $3.000 interest on a $40,000 home-equity loan. They used the loan to pay for a family vacation and new car $15,000 cash charitable contributions to qualified charities. Donation of used furniture to Goodwill. The furniture had a fair market value of $400 and cost $2,000 a. What is the Fergusons' 2022 federal income taxes payable or refund, including any self-employment tax and AMT, if applicable? Note: Round your intermediate computations to the nearest whole dollar amount. EXHIBIT 8-5 2022 AMT Exemptions Filing Status Exemption Phase-Out Begins at This Level of AMTI Phase-Out Complete for This Level of Married filing jointly $118,100 $1,079,800 AMTI $1,552,200 Married filing separately 59,050 539,900 776,100 Head of household and single 75,900 539,900 843,500 Tax Rates for Net Capital Gains and Qualified Dividends Taxable Income Rate Married Filing Jointly 0% $0-$83,350 Married Filing Separately $0-$41,675 15% 20% $83,351 $517,200 Single $0 $41,675 $41,676 $459,750 Head of Household $0-$55,800 $55.801-$488,500 $517,201+ $459,751+ $488,501+ $41,676 $258,600 $258,601+ Trusts and Estates 50-$2,800 $2,801-$13,700 $13,701+ This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends a 2022 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: $10,275 $ 41,775 $ 89,075 $ 0 $ 10,275 $ 41,775 $ 89,075 $170,050 $ 215,950 $539,900 $170,050 $215,950 $539,900 The tax is: 10% of taxable income $1,027 50 plus 12% of the excess over $10,275 $4.807 50 plus 22% of the excess over $41,775 $15.213.50 plus 24% of the excess over $89.075 $34,647-50 plus 32% of the excess over $170,050 $49 335.50 plus 35% of the excess over $215,950 $162,718 plus 37% of the excess over $539,900 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: $ 0 $ 20,550 $ 83,550 $178,150 $340,100 $ 431,900 $647,850 $ 20,550 $ 83,550 $178,150 $340,100 $ 431,900 $647,850 The tax is: 10% of taxable income $2,055 plus 12% of the excess over $20,550 $9,615 plus 22% of the excess over $83,550 $30,427 plus 24% of the excess over $178,150 $69,295 plus 32% of the excess over $340,100 $98,671 plus 35% of the excess over $431,900 $174.253.50 plus 37% of the excess over $647,850 Schedule Z-Head of Household If taxable income is over: But not over: $ 0 $ 14,650 $ 55,900 $ 89,050 $170,050 $215,950 $539,900 $ 14,650 $ 55,900 $ 89,050 $ 170,050 $215.950 $539,900 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $ 10,275 $ 41,775 $ 891075 $170,050 $215,950 $323,925 $ 10,275 $41,775 $ 89,075 $170,050 $215.950 $323,925 The tax is: 10% of taxable income $1.465 plus 12% of the excess over $14,650 $6,415 plus 22% of the excess over $55,900 $13.708 plus 24% of the excess over $89,050 $33,148 plus 32% of the excess over $170,050 $47,836 plus 35% of the excess over $215.950 $161.218.50 plus 37% of the excess over $539,900 The tax is: 10% of taxable income $1.027 50 plus 12% of the excess over $10,275 $4.807.50 plus 22% of the excess over $41.775 $15213.50 plas 24% of the excess over $89,075 $34,647.50 plus 32% of the excess over $1700050 $49,335 50 plus 35% of the excess over $215.950 $87.126.75 plus 37% of the excess over $323,925 roduc