Joe and Jessie are married and have one dependent child, Lizzie. Lizzie is currently in college at State University. Joe works as a design engineer for a manufacturing firm, while Jessie runs a craft business from their home. Jessie's craft business consists of making craft items for sale at craft shows that are held periodically at various locations. Jessie spends considerable time and effort on her craft business, and it has been consistently profitable over the years. Joe and Jessie own a home and pay interest on their home loan (balance of $220,000) and a personal loan to pay for Lizzie's college expenses (balance of $35,000).

Neither Joe nor Jessie is blind or over age 65, and they plan to file as married-joint. Assume that the employer portion of the self-employment tax on Jessie's income is $851. Joe and Jessie have summarized the income and expenses they expect to report this year as follows:

Income:
Joe's salary	$ 136,100
Jessie's craft sales	18,600
Interest from certificate of deposit	1,850
Interest from Treasury bond funds	756
Interest from municipal bond funds	960
Expenditures:
Federal income tax withheld from Joe's wages	$ 13,700
State income tax withheld from Joe's wages	6,800
Social Security tax withheld from Joe's wages	7,562
Real estate taxes on residence	6,600
Automobile licenses (based on weight)	350
State sales tax paid	1,350
Home mortgage interest	18,000
Interest on Masterdebt credit card	2,700
Medical expenses (unreimbursed)	1,890
Joe's employee expenses (unreimbursed)	2,800
Cost of Jessie's craft supplies	6,460
Postage for mailing crafts	165
Travel and lodging for craft shows	2,430
Self-employment tax on Jessie's craft income	1,702
College tuition paid for Lizzie	6,180
Interest on loans to pay Lizzie's tuition	3,600
Lizzie's room and board at college	13,020
Cash contributions to the Red Cross	625

a. Determine Joe and Jessie's AGI and taxable income for the year.

Note: Round your intermediate calculations to the nearest whole dollar amount.