Question: (PLEASE SHOW YOUR WORK) Sean will be retiring soon. All of the following expenditures could be eliminated in his retirement needs calculation except: a. The

(PLEASE SHOW YOUR WORK)

Sean will be retiring soon. All of the following expenditures could be eliminated in his retirement needs calculation except:

a. The $2,200 per year he spends on his work suits and dress clothes.

b. The $18,000 annual mortgage payment he makes that is scheduled to end seven years into retirement.

c. The FICA taxes he pays each year.

d. The $22,000 per year he contributes to his 401(k) plan.

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