Determine the following estimate without using a calculator. Then use a calculator to perform the computation necessary to obtain an exact answer. How reasonable is your estimate when compared to the actual answer?

If a person who works 40 hours per week earns $61,200 per year, estimate that person's hourly wage by rounding the annual income to the nearest ten thousand. Use the estimate that there are 50 weeks in a year.

The estimate of that person's hourly wage is approximately

(Round to the nearest dollar as needed.)

Use 52 weeks a year to find the actual hourly wage. The actual hourly wage is

(Round to the nearest cent as needed.)

How reasonable is your estimate when compared to the actual answer? Select the correct answer below.

(Round to the nearest cent as needed.)

A. The estimate is a little lower than the actual result. The difference is $ .

Enter your response here per hour.

B. The estimate is a little higher than the actual result. The difference is $ per hour