Question: Rick, who is single, has been offered a position as a city landscape consultant. The position pays $110,000 in cash wages. Assume Rick files single


Rick, who is single, has been offered a position as a city landscape consultant. The position pays $110,000 in cash wages. Assume Rick files single and is entitled to one personal exemption. Rick deducts the standard deduction instead of itemized deductions. (use the tax rate schedules.) a. What is the amount of Rick's after-tax compensation (ignore payroll taxes)? (Do not round intermediate calculations. Round income tax liability and After-tax compensation to 2 decimal places. Enter deductions as negative amounts) Description Amount $110,000 (1 Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Personal and dependency exemptions (6) Taxable income (7) Income tax liability $110,000 $ 110,000 After-tax compensation
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