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 $135,000 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 0.9 percent additional Medicare tax (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 incomo is not GBI 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 $135,000 of business income from WCC for the year. Jacob's marginal income tax rate is 37 percent. The business allocation is subject to 29 percent of self- employment tax and 0.9 percent additional Medicare tax. (Round your intermediate calculations to the nearest whole dollar amount.) Problem 15-49 Part b (Algo) b. 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 OBI deduction? Tax owed it income is 001