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Part 2a: Present the weighted average of the ownership percentage for Quinn, Diane and Taylor during the year Quinn Diane Taylor January - March April

Part 2a: Present the weighted average of the ownership percentage for Quinn, Diane and Taylor during the year Quinn Diane Taylor January - March April - December Weighted Average Part 2b: Allocate the combined Net income of MFA and IK under the different scenarios (Scenario 1: MACRS. Scenario 2: Bonus/Section 179) and calculate QBID. For example: Scenario 1, Net income = Quinn's share Diane's share Taylor's share 20% of Qualified Business income (Net income) 50% of W-2 wages paid 25% of W-2 wages paid and 2.5% of unadjusted basis on the balance sheet Qualified Business Income Deduction Part 2c: Using the top tax bracket of 37%, calculate the tax for Quinn, Diane and Taylor under Scenario 1 and 2

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