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Required information

Problem $15-49($LO $15-3)($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 $$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 $2\mathrm{.}9$ percent of self$-$employment tax $($Jacob has salary in excess of the wage base limitation$)$ and $0\mathrm{.}9$ percent additional Medicare tax.

Note: Round your intermediate calculations to the nearest whole dollar amount.

Problem $15-49$ Part a $($Algo$)$

a$.$ What is the amount of tax Jacob will owe on the income allocation if the income is not qualified business income?

Tax owed if income is not QBI