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John and JoNell are married. JoNell earns $70,000 per year and John is currently staying home with the two children. She contributes 10% of her

John and JoNell are married. JoNell earns $70,000 per year and John is currently staying home with the two children. She contributes 10% of her salary to her retirement plan. In addition her employer makes a 4% matching contribution. John contributes $6,000 a year to an IRA. What is their total saving rate? Show all work for full credit.

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