cquired a 60 percent interest in Tokyo Company several years ago. During 2020, Tokyo sold inventory costing $191,250 to Berlin for $255,000. A total of 18 percent of this inventory was not sold to outsiders until 2021. During 2021, Tokyo sold inventory costing $198,000 to Berlin for $247,500. A total of 35 percent of this inventory was not sold to outsiders until 2022. In 2021, Berlin reported cost of goods sold of $500,000 while Tokyo reported $452,500. What is the consolidated cost of goods sold in 2021

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?