The maximum annual pay for a machine operator job working full-time in Fort Worth, Texas, is $30,300. What is the equivalent hourly wage? Round to the nearest hundredth.(1 point)
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To find the equivalent hourly wage, we need to divide the maximum annual pay ($30,300) by the number of hours worked in a year.
To find the number of hours worked in a year, we need to know the number of hours worked per week and the number of weeks worked in a year.
Let's assume that a full-time machine operator works 40 hours per week and there are 52 weeks in a year.
Number of hours worked in a year = 40 hours/week * 52 weeks/year = 2080 hours/year
Now, we can find the equivalent hourly wage by dividing the maximum annual pay by the number of hours worked in a year:
Equivalent hourly wage = $30,300 / 2080 hours ≈ $14.57
Rounded to the nearest hundredth, the equivalent hourly wage is $14.57.