Specialty Smells, Inc. uses a four-step process to manufacture their super-luxurious "Essence of Luxury" brand of perfume. The process consists of (A) measuring the ingredients, (B) mixing the ingredients, (C) filling the bottle, and (D) putting the lid on the bottle. Assuming the process starts a shift in steady state, if the fastest step of this process were allowed to constantly produce for an 8 hour shift, how many more hours would the bottleneck step have to work to complete all the WIP produced?

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.