Eddie has an annual salary of $47,300. He works

Question

40 hours a week, 52 weeks a year. How much
money does Eddie earn per hour?
A $22.74
B $27.15
C $31.46
D $48.91

Answer 1

First, we need to calculate Eddie's hourly wage based on his annual salary. We know that there are 52 weeks in a year, so we can divide his annual salary by 52 to get his weekly salary:

47,300 / 52 = 910.58

Now we need to divide his weekly salary by the number of hours he works in a week:

910.58 / 40 = 22.76

So Eddie earns $22.76 per hour. Rounded to the nearest cent, the closest answer choice is A) $22.74. Therefore, the answer is A) $22.74.