Charles puts 8% of his paycheck in a Traditional 401(k) plan. He earns $100,000 per year. His average tax rate is 19% and his marginal tax rate is 24%. His employer matches contributions on the first 5% his salary dollar for dollar (100%) and the next 5% for 50 cents per dollar (50%). How much in total contributions will go into his account (include his contribution and the company's contribution.)

	A.	$18,000
	B.	$0
	C.	$14,500
	D.	$15,500
	E.	$12,580