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Daniels employer offers its employees a Roth 401(k) plan. Daniel contributes 5% of his 90,000 salary. What is Daniels after-tax cost of his contribution? His

Daniels employer offers its employees a Roth 401(k) plan. Daniel contributes 5% of his 90,000 salary. What is Daniels after-tax cost of his contribution? His marginal tax rate is 24%.

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