Required information

Problem 4-30 (LO 4-1)

[The following information applies to the questions displayed below.]

Rick, who is single, has been offered a position as a city landscape consultant. The position pays $150,200 in cash wages. Assume Rick has no dependents. Rick deducts the standard deduction instead of itemized deductions and he is not eligible for the qualified business income deduction. (Use the tax rate schedules.)

Problem 4-30 Part-a

a. What is the amount of Ricks after-tax compensation (ignore payroll taxes)? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

Required information

Problem 4-30 (LO 4-1)

[The following information applies to the questions displayed below.]

Rick, who is single, has been offered a position as a city landscape consultant. The position pays $150,200 in cash wages. Assume Rick has no dependents. Rick deducts the standard deduction instead of itemized deductions and he is not eligible for the qualified business income deduction. (Use the tax rate schedules.)

Problem 4-30 Parts b-1 to b-2

b-1. Suppose Rick receives a competing job offer of $141,000 in cash compensation and nontaxable (excluded) benefits worth $9,200. What is the amount of Ricks after-tax compensation for the competing offer? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

b-2. Which job should he take if taxes are the only concern?

• Competing job

• Landscape consultant