Tax problem: FACTS: T$/$P is employee, Spouse $=$ active partner $($material participation$)$ in P$/$S$,$ MFJ w$/$ no dependents Wages $-$ T$/$P: $$55,000$ Federal income tax withheld: $$5,000$ State income taxes withheld: $$2,500$ Royalties on book $($T$/$P $-$ author$)$: $$3,000$ Partnership $-$ Schedule K$-1$: Partnership income$/($loss$)$: $ $(9,000)$ Interest income: $$2,000$ Charitable contributions: $$1,600$ Personal Residence $($rented $2$ weeks$)$: Rental income: $$8,000$ Real estate tax: $$11,000$ Mortgage$*$ interest: $$15,000$ Advertising for rental: $$500*$Mortgage $=$ $$300,0001)$ calculate the AGI $2)$ calculate the itemized Vs BSD $3)$ calculate the tax liability $4)$ calculate the payment$/$ credits. $5)$ calculate the refund due.