The estimated annual income is 41600. The actual annual income is 39998.40.
Work Step by Step
Number of weeks in an year = 52 Income of the man = 19.50 per hour Hours to work per week = 40 Therefore, estimated annual income of the man is = 20 x 40 x 52 = $41600. Actual annual income = 39998.4 It is still a reasonable estimate, but the difference is 1,601.60.