James Jones is the owner of a small retail business operated as a sole proprietorship. During 2017, his business recorded the following items of income and expenses:

Revenue

147,000

Cost of goods sold

33,500

Business license tax

2,400

Rent on retail space

24,000

Supplies

1,500

Wages paid to employees

22,000

Income tax

1,700

Utilities

3,600

Compute the taxable income attributable to the sole proprietorship. Compute self-employment tax payable on the earnings of Jamess sole proprietorship (SE).