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Part A. Rick, who is single, has been offered a position as a city landscape...

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Accounting

Part A. Rick, who is single, has been offered a position as a city landscape consultant. The position pays $120,000 in cash wages. Assume Rick files single and is entitled to one personal exemption. Rick deducts the standard deduction instead of itemized deductions. What is the amount of Ricks 2017 after-tax compensation (ignore payroll taxes)?

Part B. Rick, who is single, has been offered a position as a city landscape consultant. The position pays $115,000 in cash compensation and nontaxable (excluded) benefits worth $4,000. Assume Rick files single and is entitled to one personal exemption. Rick deducts the standard deduction instead of itemized deductions. What is the amount of Ricks 2017 after-tax compensation (ignore payroll taxes)?

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