Your salary recently increased from 42000 to 45000 per year, Ask an Expert

Finance

Your salary recently increased from $42,000 to $45,000 per year, an increase of about 7%. According to bls.gov, inflation was 2.1% in 2017.

• What is your Real Income in 2017 as compared to the previous year? (Show calculation)

• What was your real salary increase after taking inflation into account? (Show calculation)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92815990

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