Remember where the angle is measured from in these problems. The angle you are talking about is the angle between the radius vector and the force vector. So, in the case of the perpendicular force, this means that the angle is 0 degrees, since the force is parallel to the radial direction.

Other than this, the only problem is your signs. The two other torques cause the wheel to rotate in opposite directions, so the should have opposite signs. Which one should be negative depends on how you have positive and negative behind. The standard is to say that counterclockwise torques are positive. So, knowing this, can you give me the correct signs for the torques?

I assume that this is happening where gravity is zero. In that case, the wheel need not rotate out of the page. You have to see how the CM of the body moves. When you wrote that it’ll be rolling out of the page, you have perhaps considered the wheel to be standing on a horizontal plane, with gravity.

If the centre of the wheel is fixed, it cannot move. Otherwise, If these forces continue to act on the body in exactly this way, then the body will be in translation and rotating motion. The resultant of all the forces, including the perp one, will accelerate the body. The CM will move as if the resultant is acting on the total mass sitting there. At the same time, the body will have angular acceleration, and rotate faster and faster. Which way the body moves will depend only on the translatory motion, which you can easily calculate.

So the signs of the torques do no help me decide in which way its moving?

I thought it was going to be that way :(

I have assumed no gravity or other forces except the ones shown.

Suppose there are two tangential forces acting on diametrically opposite points of the wheel, equal and opposite, and no other force. Both of them produce torques in the same direction, say clockwise. Then the net torque is clockwise. Do you thing the wheel will roll to the right out of the page? No, it will simply rotate about the centre.

The wheel won’t move as a whole since the total force is zero, and the CM will stay put, because initial velocity was zero. So, it’s not the net torque that determines the direction of motion. It’s the resultant of the forces and the initial velocity of the CM. The net torque determines how fast it rotates wrt the CM frame.

(If the wheel is resting on horizontal plane, then the picture changes because there are other forces acting on it.)

There’s a basic theorem in mechanics which states that the motion of the CM of a body is as if the total mass placed on the CM is being acted on by the resultant of the forces and the torque of the resultant force about the CM is the sum of all the torques due to these forces about the CM.