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Ekiya, who is single, has been offered a position as a city landscape consultant. The position pays $144,200 in wages. Assume Ekiya has no dependents.
Ekiya, who is single, has been offered a position as a city landscape consultant. The position pays $144,200 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:) Required: 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. b-1. Suppose Ekiya receives a competing job offer of $136,000 in wages and nontaxable (excluded) benefits worth $8,200. What is the amount of Ekiya's after-tax compensation for the competing offer? Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. b-2. Which job should she take if taxes are the only concern? Complete this question by entering your answers in the tabs below. Required A Required B1 Required 82 What is the amount of Ekiya's after-tax compensation (ignore payroll taxes)? Description (1) Gross income Amount (2) For AGI deductions (3) Adjusted gross income $ 144,200 $ 144,200 (4) Standard deduction (5) Taxable income $ 144,200 (6) Income tax liability After-tax compensation es 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. b-1. Suppose Ekiya receives a competing job offer of $136,000 in wages and nontaxable (excluded) benefits worth $8,200. amount of Ekiya's after-tax compensation for the competing offer? Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. b-2. Which job should she take if taxes are the only concern? Complete this question by entering your answers in the tabs below. Required A Required B1 Required 82 Suppose Ekiya receives a competing job offer of $136,000 in wages and nontaxable (excluded) benefits worth $8,200. What is the amount of Ekiya's after-tax compensation for the competing offer? Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. Required B2 (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 $ 0 $ 0
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