Answer Happy

Joe and Jessie are married and have one dependent child, Lizzie.Lizzie is currently in college at State University. Joe works as adesign engineer for a manufacturing firm while Jessie runs a craftbusiness from their home. Jessie’s craft business consists ofmaking craft items for sale at craft shows that are heldperiodically at various locations. Jessie spends considerable timeand effort on her craft business, and it has been consistentlyprofitable over the years. Joe and Jessie own a home and payinterest on their home loan (balance of $220,000) and a personalloan to pay for Lizzie’s college expenses (balance of$35,000). Neither Joe nor Jessie is blind or over age 65, and they plan tofile as married-joint. Assume that the employer portion of theself-employment tax on Jessie’s income is $854. Joe and Jessie havesummarized the income and expenses they expect to report this yearas follows:
What is is Jessie's and Joe's AGI?
What is Jessie's and Joe's taxable Income?