Question

A full-time employee who works 40 hours per week earns $20.50 per hour. Estimate that person's income. Round 52 weeks to 50 weeks per year, and round the hourly wage to the nearest dollar for the estimate. What is the estimated of annual income?

Answer 1

Given :

Full-time employee who works 40 hours per week earns $20.50 per hour.

To Find :

The weekly income and annual income after round off .

Solution :

Weekly income is given by :

`C =40* 20.50\\\\C=\$ 820`

Now , round off of hourly in come to nearest dollar is $21 .

So , new weekly income is :

`C'=40* 21\\\\C'=\$ 840`

Now , annual income is :

`A=C'* 50\\\\A=\$840* 50\\\\A=\$42000`

Therefore , weekly income and estimated of annual income is $42000 .

Hence , this is the required solution .