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Rick, who is single, has been offered a position as a city landscape consultant. The position pays $125,000 in cash wages and Rick has $40,500
Rick, who is single, has been offered a position as a city landscape consultant. The position pays $125,000 in cash wages and Rick has $40,500 in qualified business income (QBI). Assume Rick files single. Rick deducts the standard deduction instead of itemized deductions. What is the amount of Ricks after-tax compensation (ignore payroll taxes)?
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