After the adjusting entries have been completed, the adjusted balance in the Deferred Revenue account represents:Multiple choice question. the amount of revenues for which goods or services were provided during the current period, but not collected during the period. the amount of the sales or services still owed to the customer. the amount of revenues for which goods or services were provided during the current period.

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?