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Annual hourly rate = annual pay ÷ (paid work weeks × work hours per week). Project hourly rate = project fee ÷ project hours when project hours are greater than zero.- Apply the formulaAnnual hourly rate = annual pay ÷ (paid work weeks × work hours per week). Project hourly rate = project fee ÷ project hours when project hours are greater than zero.$25/hproject rate $50/h