Question: An entry level machinist's annual pay is $40,872 based on 52 weeks per year. Due to the economy, his company is having to cut back

An entry level machinist's annual pay is $40,872 based on 52 weeks per year. Due to the economy, his company is having to cut back on the number of weeks that it employs its machinists. If the firm cuts the work year to 50 weeks but keeps the same rate of pay, how much should the machinist expect his annual pay to decrease? Round your answer to the nearest dollar.

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