*** Please note that 2022 tax laws and 2021 tax forms are applied in this problem ***

Requlred Information Comprehenslve Problem 663 (LO 6-1, LO 6-2, LO 6-3) (Algo) [The following infometion applies to the questions digplayed below.] Joe snd Jesie sre msrried end hsve one dependent child, Lizz e. Lizile is currently in colege st Gtete University. Joe works as a design engineer for a manufacturing firm while Jessie runs s crsft business from their home. Jessis's crstt business concists of making crsft items for ssle at crsft shows thst are held periodicsly et vsrious locstions. Jesale apend: considersbletime snd effiort on her creft business, snd it hss been cons'stently profitsble over the years. Jae snd Jessie awn a home snd psy lnterest on their hame loen (balance of $220,000 ) snd s personsl laen to poy for Lizz e's colege expense: (oglanee of $55,000 ) Nether Joe nor Jessie is bind or over sge 65, snd they plan to fie ss merriedojoint. Assume that the employer portion of the self-employment tax on Jesie's income is ta54. Joe snd Jessie hove summarized the income sind expenses they expect to report th's year es follows: Comprehenslve Problem 6.63 Part-a (Algo) a. Determine Joe snd Jessie's AGl snd taxsble income for the yesr. (Round your intermediate calculations to the nearest whole dollar amount.]