Joe and Jessie are married and have one dependent child, Lizzie. Lizzie is currenty in college at State works as a design engineer for a business consists of making craft tems for sale at craft University Joe manufacturing firm while Jessie runs a craft business from their home. Jessie's craft shows that are held periodically at various locations. Jessie spends 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 joint. Assume that the employer portion of ed the income and expenses they t tax on Jessie's income is $831 Joe and Jessie have 124,100 18, 400 1,650 Isterest trom cervitieate ot deposit tron Treasury bond Tunde from munieipal bond funds 13,700 6,400 7,482 6,200 310 1,150 14,000 2,300 1,690 2,400 4,260 145 2,230 1,662 s,780 3,200 State income ax Real eatate taxes on renidence State sales tax paid withheld fron Joe's wages interest Tr.r%) .nd lodging tor eraft abov. Self Lbut Lons to the Red CrosS Joe's employee expenses (unreimbursed) Cost of Jessie's craft supplies Postage for mailing crafts Travel and lodging for craft shows Self-employment tax on Jessie's craft income College tuition paid for Lizzie Interest on loans to pay Lizzie's tuition Lizzie's room and board at college Cash contributions to the Red Cross 2,300 1,690 2,400 4,260 145 2,230 1,662 5,780 3,200 12.620 525 Determine Joe and Jessie's AGI and taxable income for the year Joe and Jessie's AGI $ 135,100