Farm and supply reissued 100 shares of treasury stock at $20 that had been reacquired for $15 per share. what is the entry? a. debit cash $2,000; credit treasury stock—common $1,500; credit paid-in capital from treasury stock $500 b. debit cash $2,000; credit treasury stock—common $2,000 c. debit cash $1,500; credit paid-in capital from treasury stock $500, credit treasury stock—common $2,000 d. none of the above

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?