Marissa participates in her employer's nonqualified deferred compensation plan. For 2022, she is deferring 18 percent of her $422,500 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 2022 by deferring this income (ignore payroll taxes)? Note: Round your final answer to the nearest whole dollar amount. Answer is complete but not entirely correct. B) Clayton participates in his employer's nonqualified deferred compensation plan. For 2022, he is deferring 10 percent of his $336,000 annual salary. Assuming this is his only source of income and his marginal income tax rate is 32 percent, how much does deferring Clayton's income save his employer (after taxes) in 2022? The employer's marginal tax rate is 21 percent (ignore payroll taxes). Answer is complete but not entirely correct
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