Table 11-11. Megan's salary for three consecutive years, along with other values, are presented in the table below.
-Refer to Table 11-11. Megan's 2008 salary in 2010 dollars is

Question

Table 11-11. Megan's salary for three consecutive years, along with other values, are presented in the table below. 
-Refer to Table 11-11. Megan's 2008 salary in 2010 dollars is

Quizplus · Accepted Answer

To calculate Megan's 2008 salary in 2010 dollars, we need to use the inflation rate from 2008 to 2010. According to the table at the bottom, the inflation rate during this period was 8.9%. Therefore, we can calculate Megan's 2008 salary in 2010 dollars as:
2008 salary * ((100 + inflation rate) / 100) ^ 2
= $54,000 * ((100 + 8.9) / 100) ^ 2
= $54,000 * 1.1881
= $64,274. 
Therefore, the best choice is C, $69,960 being the closest answer.