Kyoko 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 $13,200 contribution. Kyokos salary is $82,500 per year, and she is in the 24% tax bracket.

If Kyoko decides to go with a traditional 401(k), her contribution amount will be

.

And the amount offset via a reduced tax bill will be

.

If, instead, Kyoko 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 all the same facts, suppose that Kyoko decides to open both 401(k) plans, splitting what she can afford to contribute equally between both plans.

Under this scenario, Kyokos contribution amount will be

.

And the amount offset via a reduced tax bill will be

.

When Kyoko retires, which plans monies will she be able to exclude from taxable income?