A local bookseller is considering expanding store space to increase his capacity for books. The rent for the additional space would cost $3000 per year. The bookseller predicts that the added space will pull in an additional profit of $4000 per year. The current interest rate is 12%. Should the bookseller invest in the extra space?

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?