Question 6 (1 point) Which of the following is correct regarding the wage replacement ratio (WRR)? a. The WRR is equal to the annual income needed before retirement divided by the annual income needed after retirement. b. Social Security and Medicare taxes (FICA taxes) and work-related expenses are common examples of expenses that typically decrease the WRR. c. In calculating the WRR, the budgeting or bottom-up approach is typically used with younger clients since their expenditure patterns are likely to change over time. d. In calculating the WRR, the top-down approach is typically used with older clients since it is easier to understand