Tax return

een consistently profita ersonal loan to pay for Lizzie's college expenses (balance of $35, as married joint. Based on their estimates, determine Joe and Jessie's AGI and taxable income f Form 1040 (through taxable income, line 10), Schedule 1 and Schedule A. Assume that the employer portion of the Page ployment tax on Jessie's income is $831. Joe and Jessie have summarized the income and expenses they expect to this year as follows: Income: Joe's salary $129,100 Jessie's craft sales 18,400 Interest from certificate of deposit 1,650 Interest from Treasury bond funds 716 Interest from municipal bond funds 920 Expenditures: Federal income tax withheld from Joe's wages $13,700 V State income tax withheld from Joe's wages 6,400 Social Security tax withheld from Joe's wages 7,482 Real estate taxes on residence 6,200 Automobile licenses (based on weight) 310 State sales tax paid 1,150 Home mortgage interest 14,000 Interest on Masterdebt credit card Medical expenses (unreimbursed) 2,300 1,690 Joe's employee expenses (unreimbursed) Cost of Jessie's craft supplies 2,400 4,260