If Your Salary Was $50,000 Last Year, and This Year

question 97

Multiple Choice

If your salary was $50,000 last year, and this year you receive a cost-of-living increase tied to the consumer price index (CPI) , what will your salary be this year assuming the CPI has risen from 110 to 114?

• A) $49,114
• B) $50,114
• C) $50,300
• D) $51,818

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