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Leslie participates in IBOs nonqualified deferred compensation plan. For 2018, she is deferring 10 percent of her $310,000 annual salary. Based on her deemed investment

Leslie participates in IBOs nonqualified deferred compensation plan. For 2018, she is deferring 10 percent of her $310,000 annual salary. Based on her deemed investment choice, Leslie expects to earn a 7 percent before-tax rate of return on her deferred compensation, which she plans to receive in 10 years. Leslies marginal tax rate in 2018 is 30 percent. Ignore payroll taxes in your analysis.Assuming Leslies marginal tax rate in 10 years when she receives the distribution is 25 percent, what is Leslies after-tax accumulation on the deferred compensation?

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