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31. Margaret, a 35 year old earns $45,000 a year, pays Social Security payroll taxes, and saves 8% of her annual gross income. If she

31. Margaret, a 35 year old earns $45,000 a year, pays Social Security payroll taxes, and saves 8% of her annual gross income. If she wants to maintain her exact pre-retirement lifestyle find her wage replacement ratio. (round to nearest %)

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