a. What is the amount of Ekiya's after-tax compensation (ignore payroll taxes)?
Chapter3: Computing The Tax
Section: Chapter Questions
Problem 18CE
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Question
Transcribed Image Text:Required:
b-1. Suppose Ekiya receives a competing job offer of $142,000 in wages and nontaxable (excluded) benefits worth $9,400. What is the
amount of Ekiya's after-tax compensation for the competing offer?
b-2. Which job should she take if taxes are the only concern?
Complete this question by entering your answers in the tabs below.
Required B1 Required B2
Suppose Ekiya receives a competing job offer of $142,000 in wages and nontaxable (excluded) benefits worth $9,400. What
is the amount of Ekiya's after-tax compensation for the competing offer?
Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.
Required B2
(1) Gross income
(2) For AGI deductions
(3) Adjusted gross income
(4) Standard deduction
(5) Taxable income
(6) Income tax liability
After-tax compensation
< Required B1
Amount
$
$
0
0
Required B2 >
![Required information
[The following information applies to the questions displayed below.]
Ekiya, who is single, has been offered a position as a city landscape consultant. The position pays $151,400 in wages.
Assume Ekiya has no dependents. Ekiya deducts the standard deduction instead of itemized deductions, and she is not
eligible for the qualified business income deduction. (Use the tax rate schedules.)
a. What is the amount of Ekiya's after-tax compensation (ignore payroll taxes)?
Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.
X Answer is not complete.
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
Amount
$ 151,400✔
$ 151,400
(20,800) X
$ 130,600](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa52f0607-9559-4fa4-8d3b-dcbe8983f8a5%2F3c7c075b-8dcd-4336-b8ca-e87c7b08cdcf%2Fniq3cgx_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Ekiya, who is single, has been offered a position as a city landscape consultant. The position pays $151,400 in wages.
Assume Ekiya has no dependents. Ekiya deducts the standard deduction instead of itemized deductions, and she is not
eligible for the qualified business income deduction. (Use the tax rate schedules.)
a. What is the amount of Ekiya's after-tax compensation (ignore payroll taxes)?
Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.
X Answer is not complete.
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
Amount
$ 151,400✔
$ 151,400
(20,800) X
$ 130,600
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