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Jill is a client who earns $65,000 per year, pays 7.65 percent in Social Security taxes, and saves 10 percent of her gross income. Further

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Jill is a client who earns $65,000 per year, pays 7.65 percent in Social Security taxes, and saves 10 percent of her gross income. Further assume she would like to maintain her current lifestyle in requirement as she enjoys now. What is Jill's approximate wage replacement ratio using the top- down approach

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