The Lawrence's Tax Computation Problem $2024$ Tim and Sarah Lawrence are married and file a joint return. They reside at $100$ Olive Lane, Covington, LA $70434.$ They have two dependent children, Sean and Debra, ages $12$ and $16,$ respectively. Tim is a self$-$employed businessperson $($sole proprietor of an unincorporated business$),$ and Sarah is a corporate executive. Tim has the following income and expenses from his business in $2024$: Gross income $$325,000$ Business expenses $201,000$ Records related to Sarah$$s employment provide the following information: Salary $$130,000$ Unreimbursed travel expenses $($including $$200$ of meals$)1,600$ Other pertinent information for the tax year includes the following: Proceeds from sale of stock acquired on July $15,2024($cost of $$12,000),$ and sold on August $1,2024$ $ $9,800$ Proceeds from sale of stock acquired on September $18,2023($cost of $$5,000),$ and sold on October $5,20243,800$ Wages paid to full$-$time domestic worker for housekeeping and child supervision $10,000$ Interest income received $7,000$ Total itemized deductions $($not including any potential deductions above$)25,900$ Federal income tax withheld $28,850$ Purchase of a new clean vehicle $($an SUV with MSRP of $$81,000)$; seller$$s report indicates vehicle is eligible for $$7,500$ credit $$ Estimated Federal income tax payments $20,000$ Compute the Lawrences$$ net Federal income tax payable or refund due for $2024.$