Saved Help Save & Exit Submit Chapter 6 CP i LIUIL WUJITICJJ CUISIJLS VI INJURY CIUIL BLINIS IV1 JUIG ULLIUIL JEWS UTUL UIC TICIU 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 5 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 $717. Joe and Jessie have summarized the income and expenses they expect to report this year as follows: Income: Joe's salary $ 135, 700 Jessie's craft sales 18 , 560 Interest from certificate of deposit 1, 810 Interest from Treasury bond funds 748 Interest from municipal bond funds 952 Expenditures : Federal income tax withheld from Joe's wages $ 13, 700 State income tax withheld from Joe's wages 6, 720 Social Security tax withheld from Joe's wages 7, 546 Real estate taxes on residence 6, 520 Automobile licenses (based on weight ) 342 State sales tax paid 1, 310 Home mortgage interest 17, 600 Interest on Masterdebt credit card 2, 620 Medical expenses ( unreimbursed) 1, 850 Joe's employee expenses ( unreimbursed) 2, 720 Cost of Jessie's craft supplies 5 , 860 Postage for mailing crafts 161 Travel and lodging for craft shows 2, 390 Self - employment tax on Jessie's craft income 1, 434 College tuition paid for Lizzie 6, 100 Interest on loans to pay Lizzie's tuition 3, 520 Lizzie's room and board at college 12, 940 Cash contributions to the Red Cross 605 a. Determine Joe and Jessie's AGI and taxable income for the year. Note: Round your intermediate calculations to the nearest whole dollar amount. Joe and Jessie's AGI Joe and Jessie's Taxable income Mc pray of 5 TH M FULL