Question

a full-time employee who works 40 hours per week earns 29.85 per hour estimate the person's annual income

Answer 1

There are 52 weeks in a year. The question is asking how much is the annual salary.

Answer 2

Their annual income would be around 62,088

40h x $29.85 = $1,194 per week 
then take $1,194 x 52 (because there are 52 weeks in a year) = $62,088 annual income