5 Eddie has an annual salary of $47,300. He works
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
To find Eddie's hourly rate, we need to divide his annual salary by the total number of hours he works in a year (40 hours/week x 52 weeks/year = 2,080 hours/year):
$47,300 ÷ 2,080 = $22.74
Therefore, the answer is A. $22.74.