Scenario 24-1 ​

Multiple Choice

Scenario 24-1
​
Sue Lewis was an accountant in 1943 and earned $12,000 that year. Her son is an accountant too and he earned $220,000 this year. Suppose the price index was 18.9 in 1943 and 20.5 in the current year.
-Refer to Scenario 24-1. Sue's son current year income in 1944 dollars is

A) $352,000.
B) $202,829.
C) $238,624.
D) $11,063.