For this assignment, you will complete Problem $8-85$ from your textbook, as modified here:

deducting the entire amount of state income taxes paid, and their itemized deductions were well over the standard deduction amount last year.

The Fergusons reported making the following payments during the year:

State income taxes of $$4,400.$ Federal tax withholding of $$21,000.$

Alimony payments to Sandy's former spouse $$10,000($divorced $12/31/2014).$

Child support payments for Sandy's child with her former spouse $$4,100.$

The employer portion of self$-$employment tax on the web design work is $$230.$

$$12,200$ of real property taxes.

John was reimbursed $$600$ for employee business expenses he incurred. He was required to provide documentation for the expenses to his employer.

$$3,600$ to Kid Care daycare center for Samantha's care while Sandy and John worked.

$$14,000$ interest on their home mortgage $($ $$400,000$ acquisition debt$)$

$$3,000$ interest on a $$40,000$ home$-$equity loan. They used the loan to pay for family vacation and new car.

$$15,000$ 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.$ The value of the charitable contribution for tax purposes will be the lesser of the fair market value or basis.

Required:

What is the Fergusons' total $2023$ federal income taxes payable or refund, including any self$-$employment tax?

Complete the following tax forms $($use editable PDF versions available in Canvas$)$:

Form $1040,$ pages $1$ and $2,$

Schedule A$,$

Schedule $1,$

Schedule $2,$

Schedule $3$

The solution should be completed in Microsoft Excel, and the tax forms will be completed via the PDF versions of each tax form available in Canvas. Upload your completed Excel files and PDF tax forms to this Assignment.