Answer
estimated hourly wage = 20
actual hourly wage = 18.73
Work Step by Step
Number of weeks in a year = 52
Hours per week to work = 40
Person's yearly income = 38950
Therefore, the person's estimated hourly wage will be:
= 40000 / (50x40)
= 40000 / 2000
= 20
Actual hourly wage of person = 38950 / (40x 52)
= 18.73