Jacob is a member of WCC (an LLC taxed as a partnership). Jacob was allocated $165,000 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 (Jacob has salary in excess of the wage base limitation) and 0.9 percent additional Medicare tax. Note: Round your intermediate calculations to the nearest whole dollar amount.

Discuss the three common methods of handling errors in transaction files.

Urgent Answer please 2. Explain Audit Commitee by decribing the role and responsibilities.   This is full question and not an eassy question at all. Answer must be plagirism free and in reasonable length. Length should not be too short or too long. Give reasonable answer please.