Question 18 ( 4 points) Bruce earns \( \$ 14.45 / \mathrm{h} \) and works 40 hours a week. What is his gross annual income? \( \$ 27,744.00 \) \( \$ 28,584.00 \) \( \$ 30,056 \) \( \$ 31,432.00 \)

Let's break it down! Bruce earns \( \$ 14.45 \) per hour for 40 hours a week. To find his weekly earnings, simply multiply the hourly rate by the hours worked: \( 14.45 \times 40 = 578.00 \). Now, to find the annual income, multiply the weekly earnings by the number of weeks in a year, which is 52: \( 578.00 \times 52 = 30,056.00 \). So, Bruce's gross annual income is \( \$ 30,056.00 \). For those looking to organize their finances, calculating your annual income is a fantastic starting point for budgeting and understanding your cash flow throughout the year. It can help you set financial goals and understand how much you can save or spend on different commitments. Plus, knowing your gross income is key for tax planning or retirement savings! If you're tackling similar math problems, a common mistake is skipping the multiplication steps. Make sure to take it step-by-step to avoid mistakes. Also, remember to double-check your results—sometimes a simple typo can lead you astray. Use a calculator for more complex calculations to minimize errors. Happy calculating!