n $2023,$ Wilma Way$$s sole proprietorship, WW Bookstore, generated $$120,000$ net profit. In addition, Wilma recognized a $$17,000$ Section $1231$ gain on the sale of business furniture. The business checking account earned $$960$ interest income.

Required:

Which of these income items are subject to self$-$employment tax?

Compute Wilma$$s $2023$ self$-$employment tax, assuming Wilma has no other earned income.

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 overall taxable income limitation on QBI does not apply and Wilma$$s overall taxable income is sufficiently high that the W$-2$ wage limitation applies.

Compute the overall impact of the bookstore activity on Wilma$$s $2023$ taxable income.