Margaret a 35-year-old client who earns 45000 a year pays, Ask an Expert

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Margaret, a 35-year-old client who earns $45,000 a year, pays 7.65% of her gross pay in Social Security payroll taxes, and saves 8% of her annual gross income. Assume that Margaret wants to maintain her exact pre-retirement lifestyle. Calculate Margaret’s wage replacement ratio using the top-down approach (round to the nearest %) and using pre-tax dollars.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92648967

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