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Required information Problem 4-31 (LO 4-1) (Algo) [The following information applies to the questions displayed below] Emily, who is single, has been offered a
Required information Problem 4-31 (LO 4-1) (Algo) [The following information applies to the questions displayed below] Emily, who is single, has been offered a position as a city landscape consultant. The position pays $152,600 in cash wages. Assume Emily has no dependents. Emily 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.) Problem 4-31 Parts b-1 to b-2 (Algo) b-1. Suppose Emily receives a competing job offer of $143,000 in cash compensation and nontaxable (excluded) benefits worth $9,600. What is the amount of Emily's after-tax compensation for the competing offer? (Round your intermediate calculations end final answers to the nearest whole dollar amount.) Answer is not complete. Description Amount $ 143,000 0 (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction. (5) Taxable income (6) Income tax liability After-tax compensation $ 143,000 126,200x $ 16,800 $ 21,392
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