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Required information

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Jacob is a member of WCC $($an LLC taxed as a partnership$).$ Jacob was allocated $$85,000$ 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 and $0\mathrm{.}9$ percent additional Medicare tax.

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

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?