The following information applies to the questions displayed below) Joe and Jessie are married and have one dependent child, Lizzie. Lizzle 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). Nelther 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 $843. Joe and Jessie have summarized the income and expenses they expect to report this year as follows: Income Joe's salary $ 130,300 Jessie's craft sales 18,520 Interest from certificate of deposit 1.770 Interest from Treasury bond funds 740 Interest from municipal bond funds 944 Expenditures: Federal income tax withheld from Joe's wages $ 13,700 State income tax withheld from Joe's wages 6,640 Social Security tax withheld from Joe's wages 7,530 Real estate taxes on residence 6.440 Automobile license (based on weight) 334 State sales tax paid 1.270 Hotte mortgage interest 17,200 Interest on Masterdebt credit card 2.540 Medical expenses (unreimbursed) 1.820 Joe's employee expenses (unreimbursed) 2,640 Cost of Jessie's craft supplies 5,580 Postage for mailing crafts 157 Travel and lodging for craft shows 2.350 Self-employment tax on Jessie's craft income 1,686 College tuition paid for Line 6,020 Interest on loans to pay Lianie tuition 3.440 Line's room and board at college 12.860 Cash contributions to the Red Cross 585 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 $843. Joe and Jessle have summarized the income and expenses they expect to report this year as follows: $ 130,300 18,520 1.770 740 944 $ 13,700 6,640 7.530 6.440 334 Income Joea salary Jessie's craft sales Interest from certificate of deposit Interest from Treasury bond funds Interest from municipal bond funda Expenditures: Tederal income tax withheld from Joe's wages State Income tax withheld from Joea wages Social Security tax withheld from Joe'swagen Real estate taxes on residence Automobile licensen (based on weight) State sales tax paid Home mortgage interest Interest on Masterdebt credit card Medical expenses (unreimburned) Joe's inployee expenses (unreimbursed) Cost of Jessie's craft supplies Postage for mailing crafts Travel and lodging for craft shows Belt-employment tax on Jonate's craft income College tuition paid for Line Interest on loans to pay tine's tuition Lizzie room and board at college Cash contributions to the Red Cross 1,270 17,200 2,540 1,810 2,640 5.580 157 2,350 1.606 6,020 3.440 12,860 585 a. Determine Joe and Jessie's AGI and taxable income for the year (Round your intermediate calculations to the nearest whole dollar amount.) Joe and Jessie's AGI Joe and Jessie's Taxable income