Cost, Revenue, Profit Identify the relevant information given to you in the application problem below. Use that information to answer the questions that follow on cost, revenue and profit. Round your answers to two decimal places as needed. You decide to begin selling ice cream cones at the local star wars convention. Your cost for each ice cream cone is $1.87 plus you have to pay a fixed weekly fee of $250 for the booth. Your plan is to sell each ice cream cone for $3.07. Write a function, C(n), to represent your total costs for the week if you sell n n ice cream cones. C ( n )

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?