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Apply: Exercise A Saved 10. Required information [The following information applies to the questions displayed below.) Part 2 of 2 Rick, who is single, has been offered a position as a city landscape consultant. The position pays $67,500 in cash wages. Assume Rick files single and is entitled to one personal exemption. Rick deducts the standard deduction instead of itemized deductions. (use the tax rate schedules.) points b-1. Suppose Rick receives a competing job offer of $62,500 in cash compensation and nontaxable (excluded) benefits worth $4,650. What is the amount of Rick's after-tax compensation for the competing offer? (Do not round intermediate calculations. Round income tax liability and After-tax compensation to 2 decimal places. Enter deductions as negative amounts) eBook Amount References Description (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Personal and dependency exemptions (6) Taxable income (7) Income tax liability After-tax compensation b-2. Which job should he take if taxes are the only concern? Competing job O Landscape consultant 2017 Tax Rate Schedule Schedule X-Single Schedule Z-Head of Household If taxable Income is over: But not over: If taxable income is over: But not over: The tax is: The tax is: $ 0 $ 9,325 10% of taxable income $ 9,325 $ 37,950 $932.50 plus 15% of the excess aver $9,325 $ 37,950 $ 91,900 $5.226.25 plus 25% of the excess aver $37,950 $ 91,900 $191,650 $18.713.75 plus 28% of the excess aver $91,900 $191,650 $416,700 $46.643.75 plus 33% of the excess aver $191,650 $416,700 $418,400 $120,910.25 plus 35% of the excess aver $416,700 $418,400 $121,505 25 plus 39.6% of the excess cver $418,400 $ 0 $ 13,350 10% of taxable income $ 13,350 $ 50,800 $1,335.00 plus 15% of the excess over $13,350 $ 50,800 $131,200 $6,952.50 plus 25% of the excess over $50.800 $131,200 $212,500 $27,052.50 plus 28% of the excess over $131,200 $212,500 $416,700 $49,816.50 plus 33% of the excess over $212,500 $416.700 $444,550 $117,202.50 plus 35% of the excess over $416,700 $444,550 $126,950.00 plus 39.6% of the excess over $444,550 Schedule Y-2-Married Filing Separately Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: If taxable Income is over: But not over: The tax is: But not over: The tax is: $ $ 0 $ 18,650 10% of taxable income $ 18,650 $ 75,900 $1.865.00 plus 15% of the excess over $18,650 $ 75,900 $153,100 $10,452.50 plus 25% of the excess over $75,900 $153,100 $233,350 $29.752.50 plus 28% of the excess over $153,100 $233,350 $416,700 $52.222.50 plus 33% of the excess cver $233,350 $416,700 $470,700 $112,728.00 plus 35% of the excess aver $416,700 $470,700 $131,628.00 plus 39.6% of the excess aver $470,700 $ $ 9,325 10% of taxable income $ 9,325 $ 37,950 $932.50 plus 15% of the excess over $9,325 $ 37,950 $ 76,550 $5,226.25 plus 25% of the excess over $37,950 $ 76,550 $116,675 $14,876.25 plus 28% of the excess over $76,550 $116.675 $208,350 $26,111.25 plus 33% of the excess over $116,675 $208,350 $235,350 $56,364.00 plus 35% of the excess over $208,350 $235,350 $65,814.00 plus 39.6% of the excess over $235,350

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