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 $105,000 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 b (Algo) b. What is the amount of tax Jacob will owe on the income allocation if the income is qualified business income (QBI) and Jacob qualifies for the full QBI deduction? > Answer is complete but not entirely correct. Tax owed if income is QBI $ (34,245)