Write a brief news blog explaining either expansionary or contractionary policy. In your response, be sure to give your blog a catchy title, name the policy you are explaining, explain the objective of the policy, describe the desired result of the policy, and discuss possible issues or problems that may arise as a result of that policy.

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?