Which of the following expressions is used to calculate the labor efficiency variance? a.(Efficiency hours × Actual hours) – (Variance hours × Standard rate) b.(Overtime Hours × Actual Rate) – (Premium Hours × Actual Rate) c.(Actual Hours × Standard Rate) – (Standard Hours × Standard Rate) d.(Variance Rate × Actual Hours) – (Overhead Rate × Actual Hours) e. None of these choices are correct.

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?