Last year, Emery’s annual salary was $40,000. At the end of the year, Emery received a $2,000 raise. Six months later the company increased Emery’s salary again because he finished his master’s degree. His new salary is $47,000. What is the additional benefit of his having earned a master’s degree?

Question options:

$7,000


$8,000


$5,000


$2,000