U. s. recording studios are feeling the pinch in profits due to the fact that artists' music is copied and sold overseas within 24 hours of the music selling in the u. s. market. as a student who is now aware of the challenges businesses face in global trade, which of the following statements do you think is an accurate representation of this situation?
a. the copying and selling of the artist's original music is illegal and enforceable by international copyright law.
b. the copying and selling of the artist's music is legal due to the fact that the internet has changed copyright laws.
c. u. s. copyright laws do not necessarily apply globally.
d. copyright laws only protect the artist, but not the recording studios.

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.