determine Joe and Jessie AGI AND TAXABLE INCOME

Joe and Jessie are married and have one clependent child, Lizzie. Lizzle is currentiy in college of State Univeraity. Jog works as o-design engineer for a manufacturing firm. whlle Jessie runs o croft business from their hame jesses craft business consists of making craf items for sale at craft shows that are heid periodically at vorious locotions Jessie spends considerable time and effort on her craft businest, and it has been consistenty profitable over the years. Joe and Jessie own o home and pay interest on theic home loan (balance of $220.000 ) and a persanal loan to pay for Lizzle s college expenses (batance of $35,000 ). Neither Joe nor Jessie is blind or over age 65 , and they plan to file as marrled-joint. Assume that the empioyer porbon of the self-employment tax on Jessie's income is $724. Joe and Jessle have summarized the income and expenses they expect to report this year as follows: a. Determine Joe and Jessie's AGI and taxable income for the year. Note: Round your intermediate calculations to the nearest whole dollar amount