Thank you 2021 Tax Rate SchedulesIndividualsSchedule X-SingleIf taxable income is over: But not over:The tax is:$ 0$ 9,95010% of taxable income.$ 9,950$ 40,525$ 40,525$ 86,375$164,925$ 86,375$164,925$ 209,425$ 523,600$995 plus 12% of the excess over $9,950$4,664 plus 22% of the excess over $40,525$14,751 plus 24% of the excess over $86,375$33,603 plus 32% of the excess over $164,925$47,843 plus 35% of the excess over $209,425$157,804.25 plus 37% of the excess over $523,600$ 209,425$ 523,600Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)If taxable income is over: But not over:The tax is:$ 0$ 19,90010% of taxable income$ 19,900$ 81,050$ 172,750$ 329,850$ 418,850$ 628,300S 81,050$ 172,750$329,850$418,850$ 628,300$1.990 plus 12% of the excess over $19,900$9,328 plus 22% of the excess over $81,050$29,502 plus 24% of the excess over $172,750$67,206 plus 32% of the excess over $329,850$95,686 plus 35% of the excess over $418,850$168.993.50 plus 37% of the excess over $628,300Schedule Z-Head of HouseholdIf taxable income is over: But not over:The tax is:$ 0$ 14,20010% of taxable income$ 14,200$ 54,200$ 54,200$ 86,350$164,900$ 86,350$164,900$ 209,400$ 523,600$1,420 plus 12% of the excess over $14,200$6.220 plus 22% of the excess over $54,200$13,293 plus 24% of the excess over $86,350$32,145 plus 32% of the excess over $164,900$46,385 plus 35% of the excess over $209,400$156,355 plus 37% of the excess over $523,600$ 209,400$ 523,600Schedule Y-2-Married Filing SeparatelyIf taxable income is over: But not over:The tax is:$ 0$ 9,95010% of taxable income$ 9,950$ 40,525$ 40,525$ 86,375$ 86,375$164,925$ 209,425$314,150$995 plus 12% of the excess over $9,950$4,664 plus 22% of the excess over $40,52$14,751 plus 24% of the excess over $86,375$33,603 plus 32% of the excess over $164.925$47,843 plus 35% of the excess over $209,425$84,496.75 plus 37% of the excess over $314,150$ 164,925$ 209,425$314,150 Emily, who is single, has been offered a position as a city landscape consultant. The position pays $145,400 in cashwages. Assume Emily has no dependents. Emily deducts the standard deduction instead of itemized deductions, she isnot eligible for the qualified business income deduction, and she did not make any charitable donations. (Use thetax rate schedules.)Problem 4-31 Part-a (Algo)a. What is the amount of Emily's after-tax compensation (ignore payroll taxes)? (Round your Intermediate calculations and finalanswers to the nearest whole dollar amount.)DescriptionAmount(1) Gross income(2) For AGI deductions(3) Adjusted gross income(4) Standard deduction(5) Taxable income(6) Income tax liabilityAfter-tax compensation$$145,4000145,40028,917S116,483$26,000$ 119.400

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Taxes are progressive types there are lower taxes for lower income group and higher taxes for higher…