Abank or its affiliates may contract with other financial institutions to provide information under a customer information program (cip) for any joint or shared customers. in which situation would reliance be permitted?
a. the other financial institution is nearby
b. the other financial institution is subject to be examined under fcra
c. the other financial institution is unregulated
d. the other financial institution agrees only to perform the cip procedures that are more stringent

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?