Rick, who is single, has been offered a position as a city landscape consultant. the position pays $125,000 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.)a. what is the amount of rocks after-tax compensation (ignore payroll taxes do not round intermediate calculations. round income tax liability and after-tax compensation to 2 decimal places. enter deductions as negative amounts)1. gross income2. for agi deductions3. adjusted gross income4. standard deduction5. personal and dependency exemptions6. taxable income7. income tax liability after-tax compensation

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e. g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)