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 $153,700, and John worked part time as a receptionist for a law firm earning a salary of $30,700. Sandy also does some Web design work on the side and reported revenues of $5,700 and associated expenses of $1,600. The Fergusons received $1,140 in qualified dividends and a $285 refund of their state income taxes. The Fergusons always itemize their deductions, get the full benefit of deducting the entire amount of state income taxes paid, 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 $4,825. Federal tax withholding of $21,000. - Alimony payments to Sandy's former spouse of $10,850 (divorced 12/31/2014). - Child support payments for Sandy's child with her former spouse of $4,270. - $12,370 of real property taxes. - John was reimbursed $685 for employee business expenses he incurred. He was required to provide documentation for her expenses to her employer. - $3,600 to Kid Care day care center for Samantha's care while Sandy and John worked. - $15,700 interest on their home mortgage ( $400,000 acquisition debt). - $3,255 interest on a $43,400 home-equity loan. They used the loan to pay for a family vacation and new car. - $15,850 cash charitable contributions to qualified charities. - Donation of used furniture to Goodwill. The furniture had a fair market value of $570 and cost $2,850. 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 8-10 Child and Dependent Care Credit Percentage Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) \begin{tabular}{|c|c|l|} \hline If taxable income is over: & But not over: & \multicolumn{1}{|c|}{ The tax is: } \\ \hline$0 & $20,550 & 10% of taxable income \\ \hline$20,550 & $83,550 & $2,055 plus 12% of the excess over $20,550 \\ \hline$83,550 & $178,150 & $9,615 plus 22% of the excess over $83,550 \\ \hline$178,150 & $340,100 & $30,427 plus 24% of the excess over $178,150 \\ \hline$340,100 & $431,900 & $69,295 plus 32% of the excess over $340,100 \\ \hline$431,900 & $647,850 & $98,671 plus 35% of the excess over $431,900 \\ \hline$647,850 & - & $174,253.50 plus 37% of the excess over $647,850 \\ \hline \end{tabular} Tax Rates for Net Capital Gains and Qualified Dividends EXHIBIT 8-5 2022 AMT Exemptions