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Required Information [The following information appites to the questions displayed below) Joe and Jessie are married and have one dependent child, Lizzle. 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). 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 $845. Joe and Jessle have summarized the income and expenses they expect to report this year as follows: $ 120,500 18,540 1,790 744 948 Tacone Joe's salary Jessie's craft Sales Interest from certificate of deposit Interest from Treasury bond funds Interest from municipal bond funds Expenditures: Federal income tax withheld from Joe's wages State income tax withheld from Jockages Social Security tax withheld from Joe's mages Real estate taxes on residence Automobile licenses based on weight State Sales tax paid Home mortgage interest Interest on Yesterdebe credit card Medical expenses lungeambursed Joe' sempeyes expen:3 (unreimbursed! Best of Jessels eraft supplies Bostage for mailing craft: Itaza. anodging for exaft shows Self-empayment tax on Jessie': crafs ancome colege susta00 pazd for Lazz: interest on loans ce pay izza' tuition Lizzie'zoom and board at ollege cash contribubaons to the Red CE: $ 13, 700 t680 1.528 6,480 338 1,290 25.80 1,820 2, 680 5 800 1.59 2,390 690 6.060 3, 480 12 900 595 4. Determine Joe and Jessie's AGL and taxable income for the year. (Round your intermediate calculations to the nearest whole dollar amount.) e and Jessie's AGI doe and Jessie's Taxable income

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