Job A pays $30,000 a year. style=\"font-family: \'times new roman\'; \" data-mce

Question

Job A pays $30,000 a year. data-mce-style="font-family: 'times new roman';">style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';">style="font-size: medium; "> Job B is completely identical in all aspects except it is located in an area that has a 10% higher cost of living.  style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';"> In order to compete, data-mce-style="font-family: 'times new roman';">style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';"> Job B would need to pay ______.  This is known as a ___________.style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';">style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';">style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';">style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';">style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';"> Job A pays $30,000 a year. data-mce-style="font-family: 'times new roman';">style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';">style="font-size: medium; "> Job B is completely identical in all aspects except it is located in an area that has a 10% higher cost of living.  style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';"> In order to compete, data-mce-style="font-family: 'times new roman';">style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';"> Job B would need to pay ______.  This is known as a ___________.style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';">style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';">style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';">style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';">style="font-family: 'times new roman'; " data-mce-style="font-family: 'times new roman';">

Explanation / Answer

1st part---- Job B would need to pay $30,000*1.1 = $33,000

2ns part --- It is known as cost of living adjustments (COLAs), cost of living allowances and escalator clauses

Related Questions

Navigate

• Browse (All)
• Browse J
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.