Using a digital wallet such as Apple or Android Pay can be safer than using your debit card at a clothing store because… Using your debit card always generates a paper receipt and using a digital wallet will not

The cashier never sees your name or account number when you use a digital wallet

Digital wallets use cryptocurrency for the transactions rather than American dollars

Debit cards pull from your checking account while digital wallets charge a credit card

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?