Scenario 16-3 Sue Holloway Was an Accountant in 1944 and Earned $12,000

question 382

Multiple Choice

Scenario 16-3
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 16-3.Josh Holloway's 2008 income in 1944 dollars is

• A) $11,931.82.
• B) $20,086.96.
• C) $1,985,454.55.
• D) $2,195,454.55.

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Definitions:

Catchall Category

A broad classification used to encompass a wide range of items or concepts that do not fit neatly into specific categories.

Schizophrenia

A long-lasting and intense psychological condition marked by altered cognition, feeling, communication, identity, and conduct.

Hypochondriasis

A disorder characterized by an excessive preoccupation with and fear of having a serious illness, despite medical evaluation and reassurances.

Excessively

To a degree or extent that exceeds what is normal or permissible.