Katie Jones Started Her Career with an Annual Salary of $30,000

question 33

Multiple Choice

Katie Jones started her career with an annual salary of $30,000 in 2006. Five years later, in 2011, her salary had increased to $55,000 a year. If the values of the CPI (with a base of 1982−1984) for 2006 and 2011 are 201.6 and 224.9, respectively, compute the increase in Katie's real income.

• A) 64.34%
• B) 83.33%
• C) 105.31%
• D) 164.34%

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Definitions:

EDD

Earliest Due Date, a scheduling method where tasks are prioritized based on their due dates, with the earliest due date getting priority.

Production Value

The sum of the cost of materials, labor, and overhead spent to create a product.

Assignment

In business and operations management, it refers to the allocation of tasks, resources, or responsibilities to specific people or groups.

Machine Retirement

The process of removing a machine or equipment from active service due to obsolescence, inefficiency, or wear and tear.