< Question 8 of 14 Next question possible This question: 1 noint(s) possible Submit quiz 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? A full-time employee who works 40 hours per week earns $24.50 per hour. Estimate that person's annual income. Round 52 weeks to 50 weeks per year, and round the hourly wage to the nearest dollar for the estimate. The estimate of annual income is $ (Round to the nearest thousand as needed.) Use 52 weeks per year for the actual income. The actual annual income is $ How reasonable is your estimate when compared to the actual answer? Select the correct answer below and fill in the answer box to complete your choice. A. The estimate is a little lower than the actual result. The difference is $ OB. The estimate is a little higher than the actual result. The difference is $