Question: Requlred Information Comprehensive Problem 6 . 6 5 ( LO 6 - 1 , LO 6 . 2 , LO 6 - 3 ) (
Requlred Information Comprehensive Problem LO LO LO AlgOThe following information applies to the questions displayed below. Joe and Jessle are marrled and have one dependent chlld 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 $ and a personal loan to pay for Lizzle's college expenses balance of $ Nelther Joe nor Jessie is blind or over age and they plan to file as marrledJoint. Assume that the employer portion of the selfemployment tax on Jessle's income is $ Joe and Jessle have summarized the Income and expenses they expect to report this year as follows: Comprehensive Problem Parta Algo a Determine Joe and Jessle's AGI and taxable income for the year. Note: Round your Intermedlate calculations to the nearest whole dollar amount.
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