Willard-Skip is self-employed and earned net income (after all proper deductions except one-half of the self employment tax) for tax purposes of $59,000 from his business. Willards only other income was

Qualified dividends $ 950

Corporate bond interest of 1,200

Municipal bond interest 900

a. Calculate Willards self-employment tax and his adjusted gross income.

b. How would your answer to 1 differ if Willard also had earned FICA wages of $76,400?

c. How would your answer to 1 differ if Willards net earnings from the business were $148,000, and there were no wages?