Bob has decided to contribute to a savings program. He can open a traditional 401(k) or a Roth 401(k) and has determined that he can afford a $13,200 contribution. Bobs salary is $82,500 per year, and he is in the 25% tax bracket. If Bob decides to go with a traditional 401(k), his contribution amount will be_______________ .

And the amount offset via a reduced tax bill will be_____________________ .

If, instead, Bob decides to go with a Roth 401(k), his contribution amount will be__________________ .

And the amount offset via a reduced tax bill will be___________________ .

Assuming all the same facts, suppose that Bob decides to open both 401(k) plans, splitting what he can afford to contribute equally between both plans. Under this scenario, Bobs contribution amount will be___________________ .

And the amount offset via a reduced tax bill will be__________________ .

When Bob retires, which plans monies will he be able to exclude from taxable income?_____________