Question 2 (4 points) ✓ Saved The average annual cost of living in Illinois, California, and Oregon are displayed in
the table below:
State Average Annual Cost of Living
Illinois
$58,000
California $70,000
Oregon $64,000
Suppose you are earning a salary of $80,000 per year in Oregon. Your employer asks
you to transfer to the California office. Based on the average annual cost of living,
what is the lowest possible salary you will accept? Round your answer to the
nearest whole dollar. Explain your reasons.