Question: Larry has decided to contribute to a savings program. He can open a traditional 4 0 1 ( k ) or a Roth 4 0

Larry 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 $14,400 contribution. Larrys salary is $106,500 per year, and he is in the 32% tax bracket.
If Larry decides to go with a traditional 401(k), his contribution amount will be

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