John and Sandy Ferguson got mamed eight years ago and have a seven-year-old daughter. Samantha 2019. John worked as a computer technician at a local university earning a salary of $152.000, and Sandy worked part-time as a receptionist for a law firm earning a salary of $29,000. John also does some Web design work on the side and reported revenues of $4,000 and associated expenses of $750. John's business is not a specified business for the purpose of 1 deduction. 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. The Fergusons had qualifying insurance for purposes of the Affordable Care Act (ACA). Use Exhibit 8-9. Tax Rate Schedule Dividends and Capital Gains Tax Rates for reference The Fergusons reported making the following payments during the year. State income taxes of $4400, Federal tax withholding of $21000. .Alimony payments to John's former wife of $10,000 divorced in 2014 . Child support payments for John's child with his former wife of $4100 . $12,200 of real property taxes Sandy was reimbursed 5600 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer. $3,600 to Kid Care day care center for Samantha's care while John and Sandy worked $14.000 interest on their home mortgage ($400.000 acquisition deb 53000 interest on a $40,000 home equity loan. They used the loan to pay for a family vacation and new car . 515.000 cash charitable contributions to qualified charities Donation of used furniture to Goodwill. The furniture had a fait market value of $400 and cost $2.000 Comprehensive Problem 8-85 Porta W the region 2010 Tederal income taxes payable arrend anganyeremployment (Round your intermediate computations to the nearest whole dollar amount A p plicable hedule X-Single f taxable income is over: But not over: The tax is: $ 0 $ 9,700 10% of taxable income $ 9,700 $ 39,475 5970 plus 12% of the excess over $9.700 $ 39,475 $ 84,200 $4,543 plus 22% of the excess over $39,475 1 $ 84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 $204,100 $510,300 $46.628.50 plus 35% of the excess over $204,100 S510,300 - $153,798.50 plus 37% of the excess over S510,300 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over. The tax is: $ 0 $ 19.400 10% of taxable income $ 19,400 $ 78,950 $1.940 plus 12% of the excess over $19,400 $ 78,950 $168.400 $9,086 plus 22% of the excess over $78,950 $168,400 S321,450 $28,765 plus 24% of the excess over $168,400 $321.450 $408.200 565,497 plus 32% of the excess over 5321,450 $408.200 $612,350 $93 257 plus 35% of the excess over $108,200 $612,350 $164.709.50 plus 37% of the excess over $612,350 Schedule Z-Head of Household If taxable income is over: But not over: The taxis 5 0 S 13,850 10% of taxable ancome $ 13,850 S 52,850 $1,385 plus 12% of the excess over $13,850 5 32.850 S 84,200 $6,065 plus 22% of the excess over S$2.850 $ 84,200 S160.700 $12,962 plus 24% of the excess over $84.200 $160,700 S204.100.531 322 plus 32% of the excess over $160,700 $204,100 $510 300 545,210 plus 35% of the excess over 5204,100 $510 300 $152 380 plus 37% of the excess over 5510,300 Schedule Y-2 Married Filing Separately If taxable income is over. But not over: The tas is: S 0 S 9.700 10% of taxable income 5 9.700 $ 39,475 5970 plus 12% of the excess over 59.700 $ 39,475 $ 84,200 $4,543 plus 22 of the excess over 539,475 $ 84,200 $160,725 514,382 50 plus 24 Hule Z-Head of Household xable income is over: But not over: The tax is: $ 0 $ 13,850 10% of taxable income $ 13,850 $ 52,850 $1,385 plus 12% of the excess over $13,850 $ 52.850 $ 84,200 56,065 plus 22% of the excess over $52,850 $ 84,200 $160,700 $12.962 plus 24% of the excess over $84.200 $160,700 $204,100 $31,322 plus 32% of the excess over $160, 700 $204,100 $510,300 $45.210 plus 35% of the excess over $204,100 $510,300 $152,380 plus 37% of the excess over $510,300 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: The tax is: $ 0 $ 9.700 10% of taxable income $ 9,700 $ 39,475 5970 plus 12% of the excess over $9,700 $ 39,475 S 84.200 $4,543 plus 22% of the excess over $39,475 $ 84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200 $160,725 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 S204,100 $306,175 $46,628 50 plus 35% of the excess over $204,100 S306,175 $82,354.75 plus 37% of the excess over $306,175/ Tax Rates for Net Capital Gains and Qualified Dividends Table Income Rate Married Filing Jointly Married Filing Separately Single $0 $78,750 $0 - $39,375 | $0 $39 375 $78,751 $488,850 $39,376 - $244.425 $39,376 $434,550 S488.851 - 1 SI551- This role applies to the net capital and qualified dividend that fall in the r o Head of Household $0 $52.750 $52,751 - $161.700 $161.701 Trusts and Estates 3032650 52.651 $12.950 $1951 l e income specified in the cable capital and qualified divided are included