Kelly made a written contract to sell certain land to brown and gave brown a deed to the land. thereafter, kelly sued brown to get back a 20-foot strip of the land. kelly claimed that before making the written contract, it was agreed that kelly would sell all of his land to brown to make it easier for brown to get a building permit, but after that was done, the 20-foot strip would be reconveyed to kelly. was kelly entitled to the 20-foot strip? what ethical values are involved? [brown v. kelly, 545 so. 2d 518 (fla. app.)]

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?