What is the amount of ricks after-tax compensation

Assignment Help Accounting Basics
Reference no: EM132465806

Rick, who is single, has been offered a position as a city landscape consultant. The position pays $145,400 in cash wages. Assume Rick has no dependents. Rick deducts the standard deduction instead of itemized deductions. (Use the tax rate schedules.)

Qusetion a. What is the amount of Rick's after-tax compensation (ignore payroll taxes)? (Round your intermediate calculations and final answer to the nearest whole dollar amount. Enter deductions as negative amounts

 

Reference no: EM132465806

Questions Cloud

Design and implement IG program in Organization : How you will prove the business case for an IG program in an organization, how would you design and implement an IG program in an Organization?
What affect does it have on digital crimes : Discuss why the case was important and what precedence it set for future cases. Why was this case important? What affect does it have on digital crimes?
Cleansing technique involve in data transformation : How can you use API technology to access streams of data from sites or services? Describe 5 data cleansing technique involve in data transformation.
What characteristics establish a model predicting inventory : What characteristics might be used to help establish a model predicting inventory obsolescence?An auditor is trying to figure out if the inventory
What is the amount of ricks after-tax compensation : What is the amount of Rick's after-tax compensation (ignore payroll taxes)? (Round your intermediate calculations and final answer to the nearest whole dollar)
Prepare the necessary march journal entry to record salaries : Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March
Create a new income statement applying the accrual income : Create a new income statement applying the accrual income (GAAP) principles.$7,000 of the revenues represent advance payments for work not completed by ABC.
Define and distinguish between tax credit vs tax deduction : Define and distinguish between the Above-the-line deduction vs. below-the-line deduction or Ordinary income vs. long-term capital gain.
Distinguish between a compilation and a review : Distinguish between a Compilation, a Review, and an Audit. For each of the services, explain the assurances provided, and steps taken by the accountant.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd