Megatron Corp. earned net income of 13 comma 000 Euros in its overseas branch at France. Its headquarters is located in the U. S. The rate of conversion during set up was $ 1.31 / Euro. What is the value of its income in its home currency if the rate is $ 1.51 / Euro at the end of a financial year and the average rate being $ 1.41 / Euro?

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?