Lily earns $80,000 a year and saves 14% of her annual gross income. Assume that Lily wants to maintain her exact pre-retirement lifestyle. The current FICA payroll tax rate is 7.65%.  Calculate her wage replacement ratio using the top-down approach (round to the nearest %) and using pre-tax dollars.   A. 78%   B. 70%   C. 92%   D. 86%

​(Annuity payments) Lisa Simpson wants to have ​$1,300,000 in 35 years by making equal annual​ end-of-the-year deposits into a​ tax-deferred account paying 11.75 percent annually. What must​ Lisa's annual deposit​ be? Question content area bottom Part 1 The amount of​ Lisa's annual deposit must be ​$ enter your response here. ​ (Round to the nearest​ cent.)

Suppose that Thomas Lee is enrolled in a defined contribution plan in which the employer contributes $8,000 each year. Thomas is earning $80,000 this year and his tax rate is 30 percent (which is not expected to change). Assume that the before- tax rate of return is 8 percent. (a) What is the additional amount of funds that Thomas will have when he reaches retirement in 10 years as a result of this year's service? (b) Suppose that Thomas's employer is planning to reduce half of their contribution to the defined contribution plan. Assume that Thomas would like to keep his retirement funds the same as they would have been with the defined contribution plan. If Thomas's only opportunity to save for retirement is in a nonqualified savings plan (no tax benefits), how much would Thomas need to receive in additional salary (which he would then save) to achieve his objective?

Cathi needs to cover $4,500 per m to generate per month in order tha O $4,500 O $6,924 O $6,075 O $1,575 O $12,858 personal living expenses with the profits from her business Approximately how much profit does Cathe's business need "take home" the $4,500 per month she needs to cover her personal expenses if Cathi's estimated tax rate is 35%?