Nine jobs need to be completed within eight weeks. the number of weeks required to complete each job is given in the file p08_21.xlsx. for example, job 2 requires five weeks. each job requires 40 hours of labor per week. each week, 160 hours of regular time labor are available. up to 40 hours of overtime labor can be purchased each week at a cost of $18 per hour. additional overtime hours cost $22 per hour. a. determine how to minimize the overtime cost incurred in completing the jobs within eight weeks. b. the same file also lists the due date for each job. for example, job 1 should be completed by the end of week 6. a penalty of $500 is incurred for each day a job is late. determine how to minimize the sum of overtime and due date penalties.

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.