Answer
Estimated annual income: 62400
Actual annual income: 62088
Work Step by Step
Number of weeks in an year = 52
Income of the man = 29.85 per hour
Hours to work per week = 40
Therefore, estimated annual income of the man = 30 x 40 x 52
= 62400.
Actual annual income = 29.85 x 40 x 52
= 62088
It is a very reasonable estimate, as the difference between the two numbers is only 312.
