Ekiya, who is single, has been offered a position as a city landscape consultant, the position pays $127,400 in wages. Assume Ekiya has no dependents. Ekiya deducts the standard deduction instead of itemized deductions, she is not eligible for the quailed business income deduction, and she did not make any charitable donations.

SWFT Individual Income Taxes
43rd Edition
ISBN:9780357391365
Author:YOUNG
Publisher:YOUNG
Chapter20: Corporations And Parterships
Section: Chapter Questions
Problem 6DQ
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Ekiya, who is single, has been offered a position as a city landscape consultant, the position pays $127,400 in wages. Assume Ekiya has no dependents. Ekiya deducts the standard deduction instead of itemized deductions, she is not eligible for the quailed business income deduction, and she did not make any charitable donations.
Complete this question by entering your answers in the tabs below.
Required A Required B1 Required B2
What is the amount of Ekiya's after-tax compensation (ignore payroll taxes)?
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
0
0
Prev
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Transcribed Image Text:Complete this question by entering your answers in the tabs below. Required A Required B1 Required B2 What is the amount of Ekiya's after-tax compensation (ignore payroll taxes)? 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 0 0 Prev Required B1 > 4 of 15 WAT Next >
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