Question

A full-time employee who works 40 hours per week earns $22.50 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

23*40=920
920*50= 46,000

Answer 2

`\$1840` less than the actual

Explanation:

Weekly hours of work of employee = 40 hours

hourly income of employee =
`\$22.50` ≅
`\$23`

Weekly earning of employee =
`40*23 = \$920`

Income for 52 weeks =
`920*52 = \$47840`

Income for 50 weeks =
`920*50 = \$46000`

Estimate =
`47840 - 46000 = \$1840`

∴ Estimated income of employee is
`\$1840` less than the actual