Scenario 6-3
Sue Holloway was an accountant in 1944 and earned $12,000 that year. Her son, Josh Holloway, is an accountant today and he earned $210,000 in 2008. The price index was 17.6 in 1944 and 184 in 2008.
-Refer to Scenario 6-3. Sue Holloway's 1944 income in 2008 dollars is
A) $1,147.83.
B) $113,454.55.
C) $125,454.55.
D) $1,996,800.00.
Correct Answer:
Verified
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