Rick, who is single, has been offered a position as a city landscape consultant. The position pays $144,200 in cash wages. Assume Rick has no dependents. Rick deducts the standard deduction instead of itemized deductions and he is not eligible for the qualified business income deduction. (Use the tax rate schedules.)

a. What is the amount of Ricks after-tax compensation (ignore payroll taxes)? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

	Description	Amount
1)	Gross Income	144,200
2)	For AGI Deductions	0	Adjusted Gross Income (AGI)
3)	Adjusted Gross Income (144,200 - 0 = $144,200	144,200
4)	Standard Deduction	12,000	X
5)	Taxable Income - (144,200 - 12,000 = $132,200)	132,200	(3) - (4)
6)	Income Tax Liability (132,200-84,200)*24%	28,897.50	X
	After-Tax Compensation	115,303	X

#4, #6 and after tax compensation is incorrect