QUESTION 3 Jacob is a member of WCC (an LLC taxed as a partnership). Jacob was allocated $110,000 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 9 percent additional Medicare tax. What is the amount of tax Jacob will owe on the income allocation if the income is not qualified business income? QUESTION 4 Same facts as in Question 3 above. What is the amount of tax Jacob will owe on the income allocation if the income is qualified business income (QB) and Jacob qualifies for the full QBI deduction?