You are planning to hire a welder for $45/hour. He will work the normal 1,960 hours per year. How much will you pay him in a year?

To find how much you will pay the welder for a year, all you need to do is multiply $45 by 1,960 hours. This gets you $88,200. Therefore, you will pay the welder $88,200 in a year.

multiply hours by pay

1960 * 45 = $88,200 per year