Wilson links products sells a product that involves two separate performance obligations: the swingright golf club weight and the swingcoach teaching software. swingright has a stand-alone selling price of $150. wilson sells both the swingright and the swingcoach as a package deal for $200. the swingcoach software is not sold separately. wilson is aware that other vendors charge $100 for similar software, and wilson's prices are generally 10% lower than what is charged by those vendors. wilson estimates that it incurs approximately $65 of cost per copy of the software, and usually charges 50% above cost on similar products. estimate the stand-alone selling price of the software using the residual approach

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 expense: revenue from inventory sales $ 147,000 cost of goods sold 33,500 business license tax 2,400 rent on retail space 42,000 supplies 15,000 wages paid to employees 22,000 payroll taxes 1,700 utilities 3,600 compute taxable income attributable to the sole proprietorship by completing schedule c to be included in james’s 2017 form 1040. compute self-employment tax payable on the earnings of james’s sole proprietorship by completing a 2017 schedule se, form 1040. assume your answers to parts a and b are the same for 2018. further 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 2018 section 199a deduction.