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. Jessies 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 Lizzies 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 Jessies income is $844. Joe and Jessie have summarized the income and expenses they expect to report this year as follows:

Income:
Joes salary	$ 130,400
Jessies craft sales	18,530
Interest from certificate of deposit	1,780
Interest from Treasury bond funds	742
Interest from municipal bond funds	946
Expenditures:
Federal income tax withheld from Joes wages	$ 13,700
State income tax withheld from Joes wages	6,660
Social Security tax withheld from Joes wages	7,534
Real estate taxes on residence	6,460
Automobile licenses (based on weight)	336
State sales tax paid	1,280
Home mortgage interest	17,300
Interest on Masterdebt credit card	2,560
Medical expenses (unreimbursed)	1,820
Joes employee expenses (unreimbursed)	2,660
Cost of Jessies craft supplies	5,690
Postage for mailing crafts	158
Travel and lodging for craft shows	2,360
Self-employment tax on Jessies craft income	1,688
College tuition paid for Lizzie	6,040
Interest on loans to pay Lizzies tuition	3,460
Lizzies room and board at college	12,880
Cash contributions to the Red Cross	590

a. Determine Joe and Jessies AGI and taxable income for the year. (Round your intermediate calculations to the nearest whole dollar amount.)