Paris participates in her employers non-qualified deferred compensation plan. For 2018, she is deferring 10 percent of
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Paris participates in her employer’s non-qualified deferred compensation plan. For 2018, 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 does deferring Paris’ income save her employer (after-taxes) in 2018? The marginal tax rate of her employer is 21 percent (ignore payroll taxes).
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Taxation Of Individuals And Business Entities 2019 Edition
ISBN: 9781259918391
10th Edition
Authors: Brian C. Spilker, Benjamin C. Ayers, John Robinson, Edmund Outslay, Ronald G. Worsham, John A. Barrick, Connie Weaver
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