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2018 Tax Rate Schedules Schedule X Single Schedule 2 Head of Hasehold If tasable income i over: The tax a If tasabla income is over Sut not over s 13.600 51,800 $ 82 500 157500 200,000 500,000 But not over: The tas in 9.525 18,700 82,500 $157.500 10% of taxable income $1,360 plas 12% of the excess over $13,000 $5,944 plus 22% oe the excess over $51,000 $12.093 ptas 24% ofthe excess over $82,500 530.098 p as 32% or the excess over $157,500 $44,298 plus 35% of the ence ovr $200,000 $149.296 ptas 37% oe the atcen o ar $500,000 or taxable income 9,525 38,700 5 82,300 157.500 $200,000 $952.50 plus 12% of the eaceas over $9,525 $4,453.50 plus 22% oe the utoes over $38,700 $14,009.50 plus 24% of the gteeas over $82,500 552.089.50 plus 32% of the excess over $157,500 $45,609.50 plus 35% oethe ewess over $200,000 $150,689.50 ptus 37% oe th ances: over $500,000 13,600 51,800 S 82.500 $157.500 $500,000 Sehedule Y-1-Marriad Filing Jointty or Qualifying Widom(r) Schedule Y-2-Married Fling Separately If taxable income is over: The tax is But not over: 19,050 $ 17,400 5165,000 315,000 The tax iB If taxable income is over: 19,050 77,400 $165,000 $315,000 $400,000 10% of taille income $1,505 plus 12% od the man over $19,050 sa.907 plus 22%ofthe eneas over $77,000 $28,179 plus 24% of the etcets over $165,000 S64.179 plus 32% of theme over $315,000 $91,379 plus 35% of the coce over $400,000 $ 161,579 plus 37% of the excess over S000.000 $ 9.525 S 38,700 S 2,500 $157,500 $200,000 5300,000 But not over: $ 9525 $ 38,700 $ 82,500 $157.500 200,000 5300,000 10% of taxable income $952 50 plas 12% of the acsa ovr $9525 $4,453 50 plus 22% of th e mess oner $38,700 $14,089.50 plus 24% of the excess over $82,500 $32,009.50 ptus 32% of the excess over $157,500 $45,639.50 plus 35% of the tooss over $200,000 SSO-589 50 plus37% of the eccess over $300,000Check my work Problem 4-30 (LO 4-1) [The following information applies to the questions displayed below. Rick, who is single, has been offered a position as a city landscape consultant. The position pays $134,600 in cash wages. Assume Rick has no dependents. Rick deducts the standard deduction instead of itemized deductions. (Use the tax rate schedules.) Problem 4-30 Part-a a. What is the amount of Ricks after-tax compensation (ignore payroll taxes)? (Round your intermediate calculations and final answer to the nearest whole dollar amount. Enter deductions as negative amounts). Description Amount $ 134,600 (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Taxable income (6) Income tax liability $ 134,600 $ 134,600 After-tax compensationb-1. Suppose Rick receives a competing job offer of $128,000 in cash compensation and nontaxable (excluded) benefits worth $6,600. What is the amount of Ricks after-tax compensation for the competing offer? (Round your intermediate calculations and final answer to the nearest whole dollar amount. Enter deductions as negative amounts) Description Amount (1) Gross income (2) For AGl deductions (3) Adjusted gross income (4) Standard deduction (5) Taxable income (6) Income tax liability $ 128,000 $ 128,000 $ 128,000 0 Total after-tax compensation

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