In 2023, Nitai (age 40) contributes 8 percent of his $187,000 annual salary to a Roth 401(k) account sponsored by his employer, AY Incorporated. AY Incorporated matches employee contributions dollar-for-dollar up to 8 percent of the employee's salary. However, AY matches by contributing to the employee's traditional 401(k) account because the employer contributions are not fully vested to the employee at the time of the contribution. Nitai expects to earn a 7 percent before-tax rate of return.

Assume he leaves the contributions in the Roth 401(k) and traditional 401(k) accounts until he retires in 30 years and that he makes no additional contributions to either account. What are Nitai's after-tax proceeds from the Roth 401(k) and traditional 401(k) accounts after he receives the distributions, assuming his marginal tax rate at retirement is 30 percent? (Use Table 1, Table 2.)

Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.

In 2023 Nitai age 40 contributes 8 percent of his 187000 annual salary to a Roth 401k account sponsored by his employer AY Incorporated AY Incorporated matches class=
In 2023 Nitai age 40 contributes 8 percent of his 187000 annual salary to a Roth 401k account sponsored by his employer AY Incorporated AY Incorporated matches class=