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Rick, who is single, has been offered a position as a city landscape consultant. The position pays $127,400 in cash wages. Assume Rick has no

Rick, who is single, has been offered a position as a city landscape consultant. The position pays $127,400 in cash wages. Assume Rick has no dependents. Rick deducts the standard deduction instead of itemized deductions. What is the amount of Ricks after-tax compensation (ignore payroll taxes)? Suppose Rick receives a competing job offer of $122,000 in cash compensation and nontaxable (excluded) benefits worth $5,400. What is the amount of Ricks 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). image text in transcribed

Schedule X-Single Schedule Z Head af Household If tarable income in over: But not over The tax in If taxable income in over: The tax in 10% of taxable income $952.50 plus 12% of the excess over S9325 $4,453.50 plus 22% of the excess over $38,700 $14,089.50 ptas 24% of te "cess over $82,500 $32,089.50 plus 32% ofthe emess over S157.500 $45,689.50 plus 35% of the excess over $200,000 $150,609.50 plus 37% of the excess ovet $500,000 But not over 13,600 51,800 82.500 157,500 10% of taxable income $1,300 plus 12% of the excess over $13,000 $5,944 plus 22% of the excess over $51,800 $12,698 plus 24% of te excess over $82,500 $30,698 plus 32% ofthe emess over $157.500 $44,298 plus 35% ofthe exces; over S200.000 $149.29 plus 37% of the excess ovet $500,000 $ 9.525 $ 38,700 S 82,500 $157.500 $200,000 9525 38,700 82.500 $157500 $ 13,600 51,800 S 82,500 $157,500 $200,000 $500,000 $300,000 Schedule Y-1-Married Filing Jointly or Qualitying Widow(er) Schedule Y-2-Married Filing Separately If taxable income is over If taxable income is over But not over: 19.050 77,400 $165,000 315,000 $400,000 $600,000 The tax is: But not over The tax is 10% ot taxable income $1,905 plus 12% of the excess over $19,000 ss,907 plus 22% of the excess over $77,400 S28.179 ptas 24% of the excess over $165,000 564,179 plus 32% of the excess over $315,000 $91,379 plus 35% of te ence" over $400,000 $161,379 plus 37% of the ence" over $600,000 S 9,525 $ 38,700 S 82,500 $157,500 $ 9525 S 38,700 S 82,500 157,500 10% of trable moone $952.50 plus 12% of te excess over $9,525 $4,453.50 plus 22% of the excess over $38,700 $14,089.50 plus 24% of the excess over S82.500 $32,069.50 plus 32% of the excess over $157,500 $45,689.50 plus 35% of the excess over $200,000 sso,609.50 plus 37% of the etcets over S300.000 3 19.050 S 77,400 $315,000 400,000 $600,000 $300,000 $300,000

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