Christopher corp. is preparing its statement of cash flows using the indirect method. it provides the following information about transactions for the year:
plant assets, net – beginning balance: $108,000
plant assets, net – ending balance: $144,000
equipment costing $62,400 was purchased for cash
equipment with a net asset value of $12,000 was sold for $16,800
depreciation expense of $14,400 was recorded during the year
what was the amount of net cash provided by (used for) investing activities?
a.$(45,000)
b.$45,600
c.$45,600
d.$(60,000

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?