During $2023,$ Charles, a single $29-$year$-$old, deferred $2\%$ of his salary, or $$2,000,$ into a qualified plan sponsored by his employer. Charles makes the maximum contribution to his Traditional IRA allowed. What is his basis in hiDuring $2023,$ Charles, a single $29-$year$-$old, deferred $2\%$ of his salary, or $$2,000,$ into a qualified plan sponsored by his employer. Charles makes the maximum contribution to his Traditional IRA allowed. What is his basis in his IRA $($due to this contribution$)?$s IRA $($due to this contribution$)?$