Vicky has worked for the same company since January 2011. Her starting salary was $52,000 and she has received a $1,000 raise on the first day of each year.

Question

How much is her salary today?

Answer 1

Ms.Coyne

Answer 2

Her salary today is $62,000

Answer 3

When comparing the rate of her salary increase to the rate of inflation, how would this have an impact on Vicky’s budget?