To find the equivalent hourly wage from the annual pay, you can use the following formula:
\[ \text{Hourly Wage} = \frac{\text{Annual Pay}}{\text{Total Hours Worked in a Year}} \]
Assuming that a full-time job typically consists of 40 hours a week and 52 weeks a year, the total hours worked in a year would be:
\[ 40 \text{ hours/week} \times 52 \text{ weeks/year} = 2080 \text{ hours/year} \]
Now, using the maximum annual pay of $30,300:
\[ \text{Hourly Wage} = \frac{30,300}{2080} \approx 14.57 \]
Rounding to the nearest hundredth, the equivalent hourly wage is $14.57.