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A and W puy wasAudurg aseen pa bu sang bu UNDERAGE SALE PROHIBITED 11. In 2022, Wilma Way's sole proprietorship, WW Bookstore, generated $120,000

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A and W puy wasAudurg aseen pa bu sang bu UNDERAGE SALE PROHIBITED 11. In 2022, Wilma Way's sole proprietorship, WW Bookstore, generated $120,000 net profit. In addition, Wilma recognized a $17,000 Section 1231 gain on the sale of busi- ness furniture. The business checking account earned $960 interest income. a. Which of these income items are subject to self-employment tax? b. Compute Wilma's 2022 self-employment tax, assuming Wilma has no other earned income. c. Compute Wilma's allowable QBI deduction, assuming $43,000 of W-2 wages and $90,000 unadjusted basis of tangible depreciable property. Further assume the

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