Sara wants to have 75% of her preretirement income during retirement. Her current annual income is $64,000 What estimated annual income will she need during retirement?
Answer
A
52 dollars comma 000
B
56 dollars comma 000
C
48 dollars comma 000
D
50 dollars comma 000
Explanation
Find 75% of Sara’s current annual income: 0.75 × $64,000 = $48,000. She will need an estimated $48,000 per year during retirement, which is choice C.
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