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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 $138,200 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 Part-a (Algo) a. What is the amount of Emily's after-tax compensation (ignore payroll taxes)? (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Description (1) Gross income (2) For AGI deductions (3) Adjusted gross income Amount $ 138,200 0 $ 138,200 (4) Standard deduction (5) Taxable income (6) Income tax liability After-tax compensation $ 138,200
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