58. Marissa participates in her employers nonqualified deferred compensation plan. For 2019, she is deferring 10 percent

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58. Marissa participates in her employer’s nonqualified deferred compensation plan. For 2019, 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 2019 by deferring this income

(ignore payroll taxes)?

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Taxation Of Individuals And Business Entities 2020

ISBN: 9781259969614

11th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Question Posted: Jul 15, 2024 01:11 AM

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58. Marissa participates in her employers nonqualified deferred compensation plan. For 2019, she is deferring 10 percent

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Taxation Of Individuals And Business Entities 2020

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