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Ekiya, who is single, has been offered a position as a city landscape consultant. The position pays $131,000 in wages. Assume Ekiya has no dependents.
Ekiya, who is single, has been offered a position as a city landscape consultant. The position pays $131,000 in wages. Assume Ekiya has no dependents. Ekiya deducts the standard deduction instead of itemized deductions, she is not eligible for the qualified business income deduction, and she did not make any charitable donations. (Use the tax rate schedules.) a. What is the amount of Ekiya's after-tax compensation (ignore payroll taxes)? Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. Answer is complete but not entirely correct. Description (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Taxable income (6) Income tax liability After-tax compensation Amount $ 131,000 0 $ 131,000 12,950 118,050 22,168 95,883 X $ $ $
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