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Marissa participates in her employer's nonqualified deferred compensation plan. For 2 0 2 3 , she is deferring 1 0 percent of her $ 3

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Marissa participates in her employer's nonqualified deferred compensation plan. For 2023, she is deferring 10 percent of her $320,000 annual salary.
Assuming this is her only source of income and her marginal income tax rate is 32 percent, how much tax does Marissa save in 2023 by deferring this income (ignore payroll taxes)?
Taxes saved
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