Vince Smiles owns and operates a dental practice. In the current year, Vince had the following items of income and expenses with respect to his dental practice:

Gross revenue

$$275,000$

Rent expense

$24,000$

Wages paid to employees

$60,000$

Wages paid to Marty

$120,000$

Payroll taxes for employees

$5,000$

Supplies expense

$10,000$

Insurance expense

$8,000$

Depreciation expense

$15,000$

Business meals

$4,000$

Health insurance for employees

$5,000$

Health insurance for Marty

$2,000$

Business bad debt $($allowance method$)$

$3,000$

State income taxes for the business

$10,000$

Calculate the following:

Vince$$s taxable income

Vince$$s Self$-$Employment Tax. Use the following FICA rates for $2023$:

2023 Income up to Employee Employer Total Medicare SS Tax 8 $160,200 1.45% 6.20% 1.45% 6.20% 2.90% 12.40% Total 7.65% 7.65% 15.30%