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Required information (The following information applies to the questions displayed below.) Sally, a single individual, has been offered a job as a city landscape consultant.
Required information (The following information applies to the questions displayed below.) Sally, a single individual, has been offered a job as a city landscape consultant. The position pays $125,000 in cash wages. Assume Sally has no dependents. Sally deducts the standard deduction instead of itemized deductions, and Sally is not eligible for the qualified business income deduction. (Use the tax rate schedules.) b-1. Suppose Sally receives a competing offer of $120,000 in cash compensation and nontaxable (excluded) benefits worth $5,000. What is the amount of Sally's after-tax compensation for the competing offer? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Amount Description Gross income (1) $ 0 (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Taxable income (6) Income tax liability After-tax compensation $ 0
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