Question: Sheryl is a 2 6 - year - old client who earns $ 1 0 0 , 0 0 0 a year, pays 1 2

Sheryl is a 26-year-old client who earns $100,000 a year, pays 12% of her gross pay in Social Security payroll taxes, and saves 8% of her annual gross income.
Assume that Sheryl wants to maintain her exact pre-retirement lifestyle. What is Sheryls wage replacement ration (WRR) using the top-down approach (round to the nearest %) and using pre-tax dollars.

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