48. Comprehensive Problem. Larry Johnson, 45 and single, has the following income and deductions in 2022 . He is provided health insurance by his employer. Using the tax rate schedules rather than the tax tables, compute Larry's tax owed or refund due for 2022. In addition, Larry's car (value =$15,000, cost =$20,000 ) was stolen during the year, and the insurance reimbursement was only $7,000. He also had $2,000 of travel expenses related to his job that were not reimbursed and $3,000 of federal income tax witheld from his salary. He elects to treat his dividends as net investment income, so they are not subject to the special long-term capital gains tax rates. 2022 Tax Rates and Amounts Tax Rate Schedules for 2022