Thomas Earned a Salary of $50,000 in 2001 and $70,000

question 149

Multiple Choice

Thomas earned a salary of $50,000 in 2001 and $70,000 in 2006.The consumer price index was 177 for 2001 and 265.5 for 2006.Thomas's 2001 salary in 2006 dollars is

• A)$33,333.33.
• B)$56,666.67.
• C)$75,000.00.
• D)$105,000.00.

---

Definitions:

Objective

Uninfluenced by personal feelings or opinions in considering and representing facts; impartial and factual.

Perception

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.

Solitude

The state of being alone, often by choice, allowing for self-reflection, introspection, or personal development.

Compensation

A psychological strategy wherein an individual covers up, either consciously or unconsciously, weaknesses, frustrations, desires, or feelings of inadequacy or incompetence in one area through gratification or excellence in another area.