The voucher system of control: Select one: a. Is a set of procedures and approvals designed to control cash receipts and the acceptance of obligations. b. Establishes procedures for verifying, approving, and recording obligations for eventual cash disbursement. c. Establishes procedures for receiving checks for the sale of verified, approved, and recorded activities. d. Applies only when multiple purchases are made from the same supplier. e. All of these.

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?