Ekiya, who is single, has been offered a position as a city landscape consultant. The position pays $ 133,400 in wages. Assume Ekiya has no dependents. Ekiya deducts the standard deduction instead of itemized deduction a. What is the amount of Ekiya's after-tax compensation (ignore payroll taxes)? Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Taxable income (6) Income tax liability After-tax compensation
Ekiya, who is single, has been offered a position as a city landscape consultant. The position pays $ 133,400 in wages. Assume Ekiya has no dependents. Ekiya deducts the standard deduction instead of itemized deduction a. What is the amount of Ekiya's after-tax compensation (ignore payroll taxes)? Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Taxable income (6) Income tax liability After-tax compensation
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Ekiya, who is single, has been offered a position as a city landscape consultant. The position pays $
133,400 in wages. Assume Ekiya has no dependents. Ekiya deducts the standard deduction instead of
itemized deduction a. What is the amount of Ekiya's after-tax compensation (ignore payroll taxes)?
Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard
deduction (5) Taxable income (6) Income tax liability After-tax compensation](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0781cecc-5d1c-434f-8ae9-d5ccf7866013%2Fec77916d-75e9-45c5-a420-a47f136a816d%2F1k7s25d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Ekiya, who is single, has been offered a position as a city landscape consultant. The position pays $
133,400 in wages. Assume Ekiya has no dependents. Ekiya deducts the standard deduction instead of
itemized deduction a. What is the amount of Ekiya's after-tax compensation (ignore payroll taxes)?
Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard
deduction (5) Taxable income (6) Income tax liability After-tax compensation
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