a) Rick, who is single, has been offered a position as a citylandscape consultant. The position pays $107,500 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.) (Do not round intermediatecalculations. Round "Income tax liability" and "After-taxcompensation" to 2 decimal places. Enter deductions as negativeamounts)
MUST USE 2015 TAX RATE!!!!!!!!!!!!!
1) What is the amount of Rickâs after-tax compensation (ignorepayroll taxes) and his income tax liability?____________
b) Suppose Rick receives a competing job offer of $102,500 incash compensation and nontaxable (excluded) benefits worth$4,900.
2) What is the amount of Rickâs after-tax compensation (ignorepayroll taxes) and his income tax liability?____________
a) Rick, who is single, has been offered a position as a citylandscape consultant. The position pays $107,500 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.) (Do not round intermediatecalculations. Round "Income tax liability" and "After-taxcompensation" to 2 decimal places. Enter deductions as negativeamounts)
MUST USE 2015 TAX RATE!!!!!!!!!!!!!
1) What is the amount of Rickâs after-tax compensation (ignorepayroll taxes) and his income tax liability?____________
b) Suppose Rick receives a competing job offer of $102,500 incash compensation and nontaxable (excluded) benefits worth$4,900.
2) What is the amount of Rickâs after-tax compensation (ignorepayroll taxes) and his income tax liability?____________