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

question 424

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.In real terms,Sue Holloway's income amounts to about what percentage of Josh Holloway's income?

• A) 5.71 percent
• B) 9.6 percent
• C) 59.7 percent
• D) 67.4 percent

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Definitions:

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