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use 2019 tax rate 5 Required information [The following information applies to the questions displayed below.) Part 1 of 2 Rick, who is single, has
use 2019 tax rate
5 Required information [The following information applies to the questions displayed below.) Part 1 of 2 Rick, who is single, has been offered a position as a city landscape consultant. The position pays $140,600 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.) 75 oints book a. What is the amount of Rick's after-tax compensation (ignore payroll taxes)? (Round your intermediate calculations and final ans to the nearest whole dollar amount.) Print Amount $ 0 Description (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Taxable income (6) Income tax liability After-tax compensation $ 0 $ 0 Rick, who is single, has been offered a position as a city landscape consultant. The position pays $140,600 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.) -1. Suppose Rick receives a competing job offer of $133,000 in cash compensation and nontaxable (excluded) benefits worth $7,600. What is the amount of Rick's after-tax compensation for the competing offer? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Amount Description (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 Step by Step Solution
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