Required information Problem 04-49 (LO 04-3) (Algo) [The following information applies to the questions displayed below.] Jacob is a member of WCC (an LLC taxed as a partnership). Jacob was allocated $165,000 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 (Jacob has salary in excess of the wage base limitation) and 0.9 percent additional Medicare tax. Note: Round your intermediate calculations to the nearest whole dollar amount. roblem 04-49 Part a (Algo) What is the amount of tax Jacob will owe on the income allocation if the income is not qualified business income? Required information Problem 04-49 (LO 04-3) (Algo) [The following information applies to the questions displayed below.] Jacob is a member of WCC (an LLC taxed as a partnership). Jacob was allocated $165,000 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 (Jacob has salary in excess of the wage base limitation) and 0.9 percent additional Medicare tax. Note: Round your intermediate calculations to the nearest whole dollar amount. roblem 04-49 Part a (Algo) What is the amount of tax Jacob will owe on the income allocation if the income is not qualified business income