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James Jones is the owner of a small retail business operated as a sole proprietorship. During 2019, his business recorded the following items of income

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James Jones is the owner of a small retail business operated as a sole proprietorship. During 2019, his business recorded the following items of income and expense: Revenue from inventory sales Coat of goods sold Business license tax Rent on retail space Supplies Wages paid to employees Payroll taxes Utilities $147,000 33,500 2,400 42,000 15,000 22,000 1,700 3.600 1040. Required: a. Compute taxable income attributable to the sole proprietorship by completing Schedule to be included in James's 2019 Form b. Compute self-employment tax payable on the earnings of James's sole proprietorship by completing a 2019 Schedule SE, Form 1040 c. Assume that James's business is not a service business, and that it has $155,000 unadjusted basis in tangible depreciable property. Calculate James's 2019 OBI deduction, before any overall taxable income limitation Complete this question by entering your answers in the tabs below. Schedule Schedule SE Parta Part b Part Compute self-employment tax payable on the earnings of James's sole proprietorship by completing a 2019 Schedule SE, Form 1040 (Round your intermec answers to the nearest whole dollar value. Input all the values as positive numbers.) Section A-Short Schedule SE. Caution: Read above to see if you can use Short Schedule SE. ta Netfarm profesor poss) from Schedule Fine 34 and farm partnerships, Schedule K-1 (Form 1065), box 14 code A you receivedoci security retirement or disability benefits, enter the amount of Conservation Reserve Program payment included on

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