The opening balance from the prior month combined with the net of all transactions during the period should result in the closing balance for the current statement.
A cost-of-living raise is an increase in pay that's intended to keep the buying power of an employee's salary the same during a period of inflation.he biggest group affected by cost-of-living raises is Social Security recipients. Some employees have contracts that include automatic cost-of-living raises. Others work for companies that voluntarily increase pay to keep pace with inflation.
International Cost of Living Index. Cost of living in MÃ©rida (Mexico) is 58% cheaper than in Seattle, Washington (United States) For example, to keep the same standard of living that would require $3,750 in Seattle, Washington you would need to make just about $1,577 (Mex$ 29,530) in MÃ©rida. Recent Prices Added.