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Mariana and James are friends from college and both have received offers for entry level positions at a Seattle corporation in their related fields. Mariana and James would like to room together in Seattle Consider Mariana and Jamess personal situations, assuming the city indices are: Boston 151 Seattle: 137 Dallas: 114 Consider the following scenarios and answer the questions that follow. Do not round intermediate calculations. Round your answers to the nearest dollar. James Mariana James is from Dallas, where the cost of living is lower than it is in Seattle. Jamess parents are encouraging him to take the position because jobs are hard to come by in Dallas and he will be able to get a good start to his career and save some money. Now, he wants to make sure that the offer in Seattle is worth the move. James has been offered $30,000 to work in Seattle Mariana is from Boston, where the cost of living is higher than it is in Seattle. Marianas parents are discouraging her from taking the position because they would like her to live at home for a while, find a job in the area, and save some money. Mariana has already convinced her parents that she will live on her own even if she finds a job in Boston. Mariana took a personal finance course and knows how to compare salaries in different cities. Mariana has been offered $35,000 to work in Seattle The equivalent salary in Dallas is A comparable offer in Boston would be

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Answer #1

Equivalent Salary in Dallas = Salary in Seattle*City Index of Dallas/City Index of Seattle

= $30,000*114/137

= $24,963.50

Comparable offer in Boston = Offer in Seattle*City Index of Boston/City Index of Seattle

= 35,000*151/137

= $38,576.64

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