Brent and Sharon want to retire in $15$ years and want to make sure they are on track for a comfortable

lifestyle. They currently make $$140,000$ per year in gross income. They pay FICA $($payroll$)$ taxes of

$$10,600$; a monthly mortgage payment of $$950$ per month and will be paid off in $10$ more years. They

eat lunch out at work often which runs $$1,300$ per year. They currently save $$12,000$ per year. Brent

has a defined benefit pension plan at work that will pay him $$2,000($in today$$s dollars$)$ each month and

adjusts for inflation each year.

Step $1$: What is their current annual wage replacement need for retirement in today$$s dollars?

a$.)$ $$116,100$

b$.)$ $$92,100$

c$.)$ $$104,700$

d$.)$ $$92,700$

e$.)$ Some other amount. $($indicate the amount here