Ekiya, who is single, has been offered a position as a city landscape consultant. The positionpays $132, 200 in wages. Assume Ekiya has no dependents. Ekiya deducts the standarddeduction instead of itemized deductions, and she is not eligible for the qualified businessincome deduction. (Use the tax rate schedules.) a. What is the amount of Ekiya's after-taxcompensation (ignore payroll taxes)?

DescriptionAmount1)Gross income$132,2002)For AGI deductions$03)Adjusted gross…

Answered: income deduction. (Use the tax rate…

income deduction. (Use the tax rate schedules.) a. What is the amount of Ekiya's after - tax compensation (ignore payroll taxes)?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter12: Tax Credits And Payments

Section: Chapter Questions

Problem 28P

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Question

Ekiya, who is single, has been offered a position as a city landscape consultant. The position
pays $132, 200 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)?

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Ekiya, who is single, has been offered a position as a city landscape consultant. The position pays $150,200 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. What is the amount of Ekiya's after-tax compensation (ignore payroll taxes)? Solve for sub-questions 2, 4, and 6.
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