Craft, inc. normally produces between 120,000 and 150,000 units each year. producing more than 150,000 units alters the company's cost structure. for example, fixed costs increase because more space must be rented, and additional supervisors must be hired. the production range between 120,000 and 150,000 is called the

Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?