The Fergusons reported making the following payments during the year:
State income taxes of $4,400. Federal tax withholding of $4,000.
Alimony payments to John’s former wife of $10,000.
Child support payments for John’s child with his former wife of $4,100.
$3,200 of real property taxes.
Sandy was reimbursed $600 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer.
In addition to the $750 of Web design expenses, John attended a conference to improve his skills associated with his Web design work. His trip was for three days and he incurred the following expenses: airfare $370, total taxi fares for trip $180, meals $80, and conference fee of $200.
$3,600 to Kid Care day care center for Samantha’s care while John and Sandy worked.
$14,000 interest on their home mortgage.
$3,000 interest on a $40,000 home-equity loan. They used the loan to pay for a family vacation and new car.
$6,000 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’ 2017 federal income taxes payable or refund, including any self-employment tax and AMT, if applicable? (Use the 2017 AMT exemptions.) (Round your answer to 2 decimal places.)