Question

Items Cost
food and groceries $821.33
medical $751.33
housing $1,324.17
transportation $1,251.00
monthly taxes $882.58
other necessities $745.67
The table shows the monthly basic needs budget for a 2-child family with 1 working adult in Fort Worth, Texas.

Determine what hourly wage, working full-time, is required to meet the family’s basic needs. Round to the nearest hundredth.

(1 point)
$?

Answer 1

To determine the hourly wage required to meet the family's basic needs, we will calculate the total monthly expenses and divide it by the number of hours worked in a month.

Total monthly expenses = food and groceries + medical + housing + transportation + monthly taxes + other necessities
Total monthly expenses = $821.33 + $751.33 + $1,324.17 + $1,251.00 + $882.58 + $745.67
Total monthly expenses = $5,776.08

Assuming a full-time job typically consists of 40 hours per week and 4 weeks per month, the number of working hours in a month is:
Number of hours worked in a month = 40 hours/week * 4 weeks/month
Number of hours worked in a month = 160 hours

Now, we can calculate the hourly wage required to meet the family's basic needs:
Hourly wage = Total monthly expenses / Number of hours worked in a month
Hourly wage = $5,776.08 / 160 hours
Hourly wage ≈ $36.10

Therefore, the hourly wage required to meet the family's basic needs is approximately $36.10.