Ms. Maple has also asked you to assess the tax implications of paying herself a salary equal to 40% of Waffle World's annual income in the S corporation scenario, instead of 25%. In your letter to Ms. Maple, include a statement of whether a higher salary would result in a higher or lower (or unchanged) overall tax burden and a brief explanation of why. Also state whether the direction of this effect (if any) would differ depending on Waffle World's level of income