HELP ME PLEASE
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.
a. How much is her salary today?
b. If her salary had increased at the same rate as inflation, how much would she be making today? (Tip: Use the inflation calculator)
c. When comparing the rate of her salary increase to the rate of inflation, how would this have an impact on Vicky’s budget?
d. Vicky has decided she either needs to find a second job so she can meet her current spending and saving goals or she needs to have a discussion with her employer about her salary. What would you recommend to Vicky as her best course of action and why?
