What is the amount of Rick after-tax compensation

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Question - Rick, who is single, has been offered a position as a city landscape consultant. The position pays $133,400 in cash wages. Assume Rick has no dependents. Rick deducts the standard deduction instead of itemized deductions and he is not eligible for the qualified business income deduction. (Use the tax rate schedules.)

a. What is the amount of Rick's after-tax compensation (ignore payroll taxes)? 

Rick, who is single, has been offered a position as a city landscape consultant. The position pays $133,400 in cash wages. Assume Rick has no dependents. Rick deducts the standard deduction instead of itemized deductions and he is not eligible for the qualified business income deduction. (Use the tax rate schedules.)

b-1. Suppose Rick receives a competing job offer of $127,000 in cash compensation and nontaxable (excluded) benefits worth $6,400. What is the amount of Rick's after-tax compensation for the competing offer?

Which job should he take if taxes are the only concern?

Reference no: EM133026426

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