Question: Problem 1 5 - 4 9 ( LO 1 5 - 3 ) ( Static ) Skip to question [ The following information applies to
Problem LO Static
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Jacob is a member of WCC an LLC taxed as a partnership Jacob was allocated $ of business income from WCC for the year. Jacob's marginal income tax rate is percent. The business allocation is subject to percent of selfemployment tax Jacob has salary in excess of the wage base limitation and percent additional Medicare tax.
Note: Round your intermediate calculations to the nearest whole dollar amount.
Problem Part a Static
a What is the amount of tax Jacob will owe on the income allocation if the income is not qualified business income?
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