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Real after-tax income

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Reference no: EM131180386

During the same 10-year period, your after-tax income rose from $30,000 to $45,000. The composite CPI at the beginning of the period was 96 and at the end of the10-year period is 114. 

  1. Has the percent change in your real after-tax income from the beginning to the end of the10-year period matched the change in after-tax nominal income?
  2. Has the change in your real income kept up with the inflation rate?

Reference no: EM131180386

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