Grouper Company sells 10% bonds having a maturity value of $2,450,000 for $2,273,375. The bonds are dated January 1, 2017, and mature January 1, 2022. Interest is payable annually on January 1.Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to 0 decimal places, e. g. 38,548.)Schedule of Discount AmortizationStraight-Line MethodYear Cash Paid Interest Expense Discount Amortized Carrying Amount of BondsJan. 1, 2017 $ $ $ $Jan. 1, 2018Jan. 1, 2019Jan. 1, 2020Jan. 1, 2021Jan. 1, 2022

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?