Jackie owns a temporary employment agency that hires personnel to perform accounting services for clients. during the year, her entertainment expenses for her clients include the following: cab fare to and from restaurants $ 350 gratuity at restaurants 300 meals 4,000 cover charges 250 jackie also held a holiday party for her employees, which cost $1,500. all expenses are reasonable. can jackie deduct any of these expenses? if so, how much? how is the deduction classified? ea

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 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? 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 duduction?