Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
In 2018 , Wilma Way's sole proprietorship , WW Bookstore , generated $120, 000 net profit . In addition , Wilma recognized a $17, 000 gain on the
Please help me with my homework for accounting. Thank you.
In 2018 , Wilma Way's sole proprietorship , WW Bookstore , generated $120, 000 net profit . In addition , Wilma recognized a $17, 000 gainon the sale of business furniture and shelving , all of which was recaptured as ordinary income . The business checking account earned$960 interest income .a . Which of these income items are subject to self- employment tax ?b. Compute Wilma's 2018 self- employment tax .c. Compute Wilma's allowable Section 199 A deduction , assuming $43, 000 of W - 2 wages and $90, 000 unadjusted basis of tangibledepreciable property .d. Compute Wilma's 2018 taxable income from her bookstore activity .@ Answer is not complete .Complete this question by entering your answers in the tabs below .Required ARequired ERequired [Required [Compute Wilma's 2018 Self-Employment tax . ( Round your answer to the nearest whole dollar amount ."Self- employment tax$ 129, 483 03\