Jacquiline is unmarried and age 32. Even though she participates in an employer sponsored retirement plan, Jacquiline contributed $4,400 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 $4,400 traditional IRA contribution?

EXHIBIT 13-8 2021 Applicable Percentages for Savers Credit by Filing Status and AGI

Applicable Percentage	Joint Filers AGI	Heads of Household AGI	All Other Filers AGI
50%	0 to $39,500	0 to $29,625	0 to $19,750
20	$39,501 to $43,000	$29,626 to $32,250	$19,751 to $21,500
10	$43,001 to $66,000	$32,250 to $49,500	$21,501 to $33,000
No credit available	Above $66,000	Above $49,500	Above $33,000