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use 2018 tax rate schedule show work The following information applies to the questions displayed below] Rick, who is single, has been offered a position
use 2018 tax rate schedule show work
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 $125,000 in cash wages. Assume Rick has no dependents. Rick deducts the standard deduction instead of itemized deductions. (Use t tax rate schedules ) Problem 4-30 Part-a is the amount of Rick's after-tax compensation (ignore payroll taxes)? (Round your intermediate calculations and fi to the nearest whole dollar amount. Enter deductions as negetive amounts). Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Taxable income (6) Income tax liability 125,000 125,000 125,000 After-tax compensationStep by Step Solution
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