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Required information [The following information applies to the questions displayed below.] Ekiya, who is single, has been offered a position as a city landscape consultant.
Required information [The following information applies to the questions displayed below.] Ekiya, who is single, has been offered a position as a city landscape consultant. The position pays $125,000 in wages. Assume Ekiya has no dependents. Ekiya deducts the standard deduction instead of itemized deductions, and she is not eligible for the qualified business income deduction. (Use the tax rate schedules.) 0. What is the amount of Ekiya's after-tax compensation (ignore payroll taxes)? Answer is complete but not entirely correct. Description Amount (1) Gross income $125,000 (2) For AGl deductions (3) Adjusted gross income $125,000 (4) Standard deduction 21,4108 (5) Taxable income $103,590 (6) Income tax liability $21,410 O/ After-tax compensation $103,566 ox
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