1) Rick, who is single, has been offered a position as a city landscape consultant. The position pays $155,000 in cash wages. Assume Rick has no dependents. Rick deducts the standard deduction instead of itemized deductions.

a) Gross income $155,000

For AGI deductions $0

Adjusted gross income $155,000

Standard Deduction $xxxx

Taxable income $xxxx

Income Tax Liability $xxxx

After Tax compensation $xxxx

B) Suppose Rick recieves a competing job offer of $145,000 in cash compensation and nontaxable benefits worth $10,000. What is the amount of Rick's after-tax compensation for the competing offer?

Gross income $145,000

For AGI deductions $0

Adjusted Gross income $145,000

Standard Deduction $xxxx

Taxable income $xxxx

Income Tax liability $xxxx

Total after -tax compensation $xxxx