William Howard Taft was paid $75,000 per year for his service as US president in...
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Accounting
William Howard Taft was paid $75,000 per year for his service as US president in 1909. In 2013, the U.S. President, Barak Hussein Obama was paid $400,000. Assume that the price index in 1909 and 2013 were 9 percent and 233 percent, respectively. What was the value of President Tafts salary in 2013 dollars? Whose salary was worth more in 2013?
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