Jacquiline is unmarried and age 32. Even though she participates in an employer-sponsored retirement plan, Jacquiline contributed $5,300 to a traditional IRA during the year. Jacquiline files as a head of household, her AGI before the contribution is $43,000, and her marginal tax rate is 12 percent. (Use Exhibit 13-8)

What is the after-tax cost of her $5,300 traditional IRA contribution?

Exhibit 13-8:

EXHIBIT 13-8 2022 Applicable Percentages for Saver's Credit by Filing Status and AGI \begin{tabular}{|c|c|c|c|} \hline Applicable Percentage & Joint Filers AGI & Heads of Household AGI & All Other Filers AGI \\ \hline 50% & $0 to $41,000 & $0 to $30,750 & $0 to $20,500 \\ \hline 20 & $41,001 to $44,000 & $30,751 to $33,000 & $20,501 to $22,000 \\ \hline 10 & $44,001 to $68,000 & $33,001 to $51,000 & $22,001 to $34,000 \\ \hline No credit available & Above $68,000 & Above $51,000 & Above $34,000 \\ \hline \end{tabular}