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Due tonight at 12. Thanks in advance. Benefits of traditional and Roth 401(k) plans aditional 401(k) versus Roth 401(k) da has decided to contribute to

Due tonight at 12. Thanks in advance. image text in transcribed
Benefits of traditional and Roth 401(k) plans aditional 401(k) versus Roth 401(k) da has decided to contribute to a savings program. She can open a traditional 401(k) or a Roth 401(k) and has determined that she can afford a 12,000 contribution. Lucla's salary is $58,500 per year, and she is in the 25% tax bracket. f Lucia decides to go with a traditional 401(k), her contribution amount will be And the amount offset via a reduced tax bill will be 14, Instead, Lucia decides to go with a Roth 401(k), her contribution amount will be And the amount offset via a reduced tax bill will be Assuming a the same facts, suppose that Lucia decides to open both 401(k) plans, splitting what she can afford to contribute equally between both plans. Under this scenario, Lucla's contribution amount whin be And the amount offset via a reduced tax bill will be When Luola retires, which plan's mones will she be able to exclude from taxable income

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