1. Rick, who is single, has been offered a position as a city landscape consultant. The position pays $128,600 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.)

a. What is the amount of Ricks after-tax compensation (ignore payroll taxes)? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

	Description		Amount
(1)	Gross income		$128,600
(2)	For AGI deductions		0
(3)	Adjusted gross income		$128,600
(4)	Standard deduction
(5)	Taxable income		$128,600
(6)	Income tax liability
	After-tax compensation		$128,600

EXHIBIT 4-1 Individual Income Tax Formula Mimus: Equals: Mimus: Gross income For AGI (above the liner) deductions Adjusted gross income (AGI) From AGI (below the line) deductions: (1) Greater of (a) Standard deduction or (b) Itemized deductions and (2) Deduction for qualified business income Taxable income Tax rates Income tax liability Other taxes Total tax De T he fondi EXHIBIT 4-1 Individual Income Tax Formula Mimus: Equals: Mimus: Gross income For AGI (above the liner) deductions Adjusted gross income (AGI) From AGI (below the line) deductions: (1) Greater of (a) Standard deduction or (b) Itemized deductions and (2) Deduction for qualified business income Taxable income Tax rates Income tax liability Other taxes Total tax De T he fondi