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Lebron forms Lakers LLC with another investor. Lakers LLC is taxed as a partnership and earns $1,200,000 this year, of which, $600,000 is allocated to

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Lebron forms Lakers LLC with another investor. Lakers LLC is taxed as a partnership and earns $1,200,000 this year, of which, $600,000 is allocated to Lebron. Lebron's individual tax rate is 35%, and he is eligible for the qualified business income deduction on his income allocation (minus his self-employment deduction). The business income allocated to Lebron is considered self- employment income, and all of it is subject to the 2.9% self-employment tax and the 0.9% additional Medicare tax. What is Lebron's qualified business income deduction (rounded to the nearest dollar)? Using the information from Question 17, what is Lebron's owner-level income tax (rounded to the nearest dollar)? Using the information from Question 17, what is the total tax paid on Lebron's business income allocation (rounded to the nearest dollar)? Using the information from Question 17, what is Lebron's owner-level income tax (percentage rounded to two decimal points)

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