Eden, an incoming partner, contributes $124,000 cash directly to the partnership in exchange for a 20% partnership interest. The four original partners share profits and losses as follows: Adams, 20%; Barnes, 25%; Cordas, 25%; Davis, 30%. Using the goodwill method, determine the capital balances for each of the five partners after Eden joins the partnership. (2 points)

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?