Marissa participates in her employer's nonqualified deferred compensation plan. For 2019, she is deferring 14 percent of her $397,500 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 2019 by deferring this income (ignore payroll taxes)? (Round your final answer to the nearest whole dollar amount.) Taxes saved