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Scenario 24-3 Sue Holloway Was an Accountant in 1944 and Earned $12,000

Question 90

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Scenario 24-3
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 2013.The price index was 17.6 in 1944 and 218.4 in 2013.
-Refer to Scenario 24-3.Josh Holloway's 2013 income in 1944 dollars is


A) $11,528.
B) $16,923.
C) $149,009.
D) $26,059.

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