McKenzie has a yearly income of $54,500. On January 1, she received a 2.0% salary increase. If inflation is...

10. McKenzie has a yearly income of $54,500. On January 1, she received a 2.0% salary increase. If inflation is 4.5%, find the change in McKenzie's purchasing power for the year.
- McKenzie gains $1,267.21 in purchasing power.
- McKenzie loses $1,362.50 in purchasing power.
- McKenzie gains $1,143.23 in purchasing power.
- McKenzie loses $1,578.21 in purchasing power.