Utilizing the top$-$down approach, an individual who earns $$75,000$ per year as an employee for Golf Enterprises, LLC$,$ has payroll

$($FICA$)$ taxes of $7\mathrm{.}65\%,$ and saves $$13,000$ of his earnings per year towards retirement will have a wage replacement ratio equal to

$82\mathrm{.}67\%.$

True

$($B$)$ False