Question

The maximum annual pay for a machine operator job working full-time in Fort Worth, Texas, is $30,300. What is the equivalent hourly wage? Round to the nearest hundredth.(1 point) $

Answer 1

table shows the monthly basic needs budget for a 1-child family with 2 working adults in Fort Worth, Texas. What should be the average of living wages of both adults so they can support their family’s basic needs? Assume both parents work full-time (40 hours per week). Round to the nearest hundredth.

Answer 2

The equivalent hourly wage can be calculated by dividing the maximum annual pay by the number of hours worked in a year. Assuming a standard work week of 40 hours and 52 weeks in a year:

Hourly wage = Maximum annual pay / (40 hours/week * 52 weeks/year)
Hourly wage = 30,300 / (40 * 52)

Calculating this gives us:
Hourly wage = 30,300 / 2080

Rounding to the nearest hundredth:
Hourly wage ≈ $14.56