Blue is the owner of all of the shares of an S corporation, and Blue is considering receiving a salary of $110,000 from the business. She will pay the 7.65% FICA taxes on the salary, and the S corporation will pay the same amount of FICA tax. Blue reduces her salary to $50,000 and takes an additional $60,000 as a cash distribution. How would her Federal income tax liabilities change? Assume that the IRS will not recharacterize the distribution as salary. If required, round your answer to the nearest dollar. Assume a FICA rate of 7.65%. Blue and the corporation save $ in FICA taxes