Problem 7-45.mason phillips, age 45, and his wife, ruth, live at 230 wood lane, salt lake city, ut 84101. mason’s social security number is 111-11-. ruth’s social security number is 123-45-6789. mason and ruth are cash basis taxpayers and had the following items for 2017: salary of $140,000.bad debt of $30,000 from uncollected rent. collection of unpaid rent from a prior year of $6,000.sale of § 1244 stock resulting in a loss of $105,000. the stock was acquired eight months ago. rental income of $60,000.rental expenses of $33,000.casualty loss on rental property of $10,000.personal casualty loss (from one event) of $20,000.theft loss of $5,000 on a computer used 100% associated with their jobs. theft loss of $8,000 on a painting held for investment. other itemized deductions of $18,000.federal income tax withheld of $3,000.compute mason and ruth’s 2017 federal income tax payable (or refund due)