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Required information (The following information applies to the questions displayed below.) Emily, who is single, has been offered a position as a city landscape consultant.
Required information (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 $128,600 in cash wages. Assume Emily has no dependents. Emily deducts the standard deduction instead of itemized deductions, and she is not eligible for the qualified business income deduction. (Use the tax rate schedules.) (Round your intermediate calculations and final answer to the nearest whole dollar amount.) a. What is the amount of Emily's after-tax compensation (ignore payroll taxes)? Description Amount (1) Gross income $ 128,600 (2) For AGI deductions 0 (3) Adjusted gross income $ 128,600 (4) Standard deduction 12,000 X (5) Taxable income $ 116,600 (6) Income tax liability $ 22,064 X After-tax compensation $ 94,536 x *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted
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