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1.You expect Social Security will replace 30% of your income. Your average annual career income...

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Accounting

1.You expect Social Security will replace 30% of your income. Your average annual career income is $60,000. Since you plan to travel more frequently throughout your retirement years, you think you will need an 85% wage replacement rate. What percent of your income will you be responsible to replace?

A.30%.

B.55%.

C.85%.

D.15%.

2.Abha purchases an annual renewable term life insurance policy. Each year she renews her coverage, her premiums will?

A.potentially increase, decrease, or remain the same depending on her health status.

B.increase.

C.remain the same.

D.decrease.

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