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[The following information applies to the questions displayed below.] Rick, who is single, has been offered a position as a city landscape consultant. The position
[The following information applies to the questions displayed below.] | ||||
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.) | ||||
b-1. Suppose Rick receives a competing job offer of $136,000 in cash compensation and nontaxable (excluded) benefits worth $8,200. | ||||
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.) | ||||
Description | Amount | |||
1) | Gross Income | |||
2) | For AGI Deductions | |||
3) | Adjusted Gross Income | |||
4) | Standard Deduction | |||
5) | Taxable Income | |||
6) | Income Tax Liability | - | ||
Total After-Tax Compensation |
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