Paris participates in her employers nonqualified deferred compensation plan. For 2014, she is deferring 10 percent of
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Paris participates in her employer’s nonqualified deferred compensation plan. For 2014, 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 30 percent, how much does deferring Paris’ income save her employer (after-taxes) in 2014? Paris’s employer’s marginal tax rate is 35 percent (ignore payroll taxes).
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Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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