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To calculate John's hourly wage, we need to find out how many hours he works in a week.
John works 5 days a week and 8 hours each day:
\[
\text{Total hours per week} = 5 \, \text{days} \times 8 \, \text{hours/day} = 40 \, \text{hours/week}
\]
Now, we can find out how much he earns per hour by dividing his weekly earnings by the total hours he works:
\[
\text{Hourly wage} = \frac{\text{Weekly earnings}}{\text{Total hours}} = \frac{500.00}{40} = 12.50
\]
So, John earns **$12.50** per hour.
The correct answer is **C. 12.50**.