This year, Brianna, who is head of Lyton Industries' accounting and tax department, received a compensation package of $$360,000.$ The package consisted of $$300,000$ current salary and $$60,000$ deferred compensation. Lyton will pay the deferred compensation in three annual $$20,000$ installments beginning with the year in which Brianna retires. Lyton accrued a $$60,000$ unfunded liability for the deferred compensation on its current year financial statements.

Required:

a$.$ How much compensation income does Brianna recognize this year?

b$.$ What is Lyton Industries' book expense for Brianna's current compensation?

c$.$ What is Lyton Industries' tax deduction for Brianna's current compensation?

d$.$ Assuming a $21$ percent tax rate, compute Lyton Industries' deferred tax asset or deferred tax liability $($identify which$)$ resulting from the compensation expense.

$\backslash$table$[[,,],[$a$.,$Compensation income recognizes by Brianna,Amount$],[$b$.,$Lyton's book expense,$],[$c$.,$Lyton's tax deduction,$],[$d$.,,]]$