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Marissa participates in her employer's nonqualified deferred compensation plan. For 2014, she is deferring 19 percent of her $492,000 annual salary. Assuming this is her
Marissa participates in her employer's nonqualified deferred compensation plan. For 2014, she is deferring 19 percent of her $492,000 annual salary. Assuming this is her only source of income and her marginal income tax rate is 30 percent, how much tax does Marissa save in 2014 by deferring this income (ignore payroll taxes)? Taxes saved
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