Question
Required information [The following information applies to the questions displayed below.] Rick, who is single, has been offered a position as a city landscape consultant.
[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 $125,000 in cash wages.Assume Rick has no dependents. Rick deducts the standard deduction instead of itemized deductions. (Use thetax rate schedules.)
b-1.Suppose Rick receives a competing job offer of $120,000 in cash compensation and nontaxable (excluded) benefits worth $5,000. What is the amount of Rick's after-tax compensation for the competing offer?(Round your intermediate calculations and final answer to the nearest whole dollar amount. Enter deductions as negative amounts).
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