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8. Benefits of traditional and Roth 401(k) plans Aa Aa Traditional 401(k) and...

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8. Benefits of traditional and Roth 401(k) plans Aa Aa Traditional 401(k) and Roth 401(k) Maitea has decided to contribute to a savings program. She can open a traditional 401 (k) or a Roth 401(k). She has determined that she can afford a $15,600 contribution. Matea's salary is $130,500 per year, and she is in the 28% tax bracket. Thus, if Maitea decides to go with a traditional 401(k), what is her contribution amount? $ What amount is offset via a reduced tax bill?$ If, instead, she decides to go with a Roth 401(k), what is her contribution amount? $ What amount is offset via a reduced tax bill?$ Assuming all the same facts, what if Maitea decides to open both 401(k) plans, splitting what she can afford to contribute equally between both plans. Based on this information, what is her contribution amount? $ What is the offset via a reduced tax bill? $ When Maitea retires, which plan's monies will she be able to exclude from taxable income

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