Rocky point brewery (rpb) filed an initial public offering in january 20x3. rpb engaged olsen alain, cpas (o& a) in 20x0 to keep the books and prepare monthly and annual financial statements (while the company was privately held), and terminated those services in decembre 20x2. under sec and pcaob rules, could rpb engage o& a to be their auditors now that it is a public company?

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?