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 $153,800, and John worked part time as a receptionist for a law firm earning a salary of $30,800. Sandy also does some Web design work on the side and reported revenues of $5,800 and associated expenses of $1,650. The Fergusons received $1,160 in qualified dividends and a $290 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 $4,850. Federal tax withholding of $21,000. - Alimony payments to Sandy's former spouse of $10,900 (divorced 12/31/2014). - Child support payments for Sandy's child with her former spouse of $4,280. - $12,380 of real property taxes. - John was reimbursed $690 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. - $15,800 interest on their home mortgage (\$400,000 acquisition debt). - \$3,270 interest on a $43,600 home-equity loan. They used the loan to pay for a family vacation and new car. - $15,900 cash charitable contributions to qualified charities. - Donation of used furniture to Goodwill. The furniture had a fair market value of $580 and cost $2,900. 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. 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 $153,800, and John worked part time as a receptionist for a law firm earning a salary of $30,800. Sandy also does some Web design work on the side and reported revenues of $5,800 and associated expenses of $1,650. The Fergusons received $1,160 in qualified dividends and a $290 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 $4,850. Federal tax withholding of $21,000. - Alimony payments to Sandy's former spouse of $10,900 (divorced 12/31/2014). - Child support payments for Sandy's child with her former spouse of $4,280. - $12,380 of real property taxes. - John was reimbursed $690 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. - $15,800 interest on their home mortgage (\$400,000 acquisition debt). - \$3,270 interest on a $43,600 home-equity loan. They used the loan to pay for a family vacation and new car. - $15,900 cash charitable contributions to qualified charities. - Donation of used furniture to Goodwill. The furniture had a fair market value of $580 and cost $2,900. 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
