Question
Living hourly wage of 2 working adults and 2 children in Fort Worth Texas is $22.95 each total hours worked for each adult is 160 per month what is the available monthly income that will be applied to household budget
Answers
GPT-4o mini
To calculate the available monthly income for a household in Fort Worth, Texas, with two adults working full-time and earning a living hourly wage of $22.95 each, we first need to calculate their total income.
### Step 1: Calculate Total Monthly Earnings
1. **Hourly Wage**: $22.95
2. **Hours Worked per Month**: 160 (full-time, 40 hours/week * 4 weeks)
3. **Number of Adults**: 2
The monthly income for one adult is calculated as follows:
\[
\text{Monthly Income per Adult} = \text{Hourly Wage} \times \text{Hours Worked}
\]
\[
\text{Monthly Income per Adult} = 22.95 \times 160 = 3,672
\]
Now, for two adults:
\[
\text{Total Monthly Income} = \text{Monthly Income per Adult} \times 2
\]
\[
\text{Total Monthly Income} = 3,672 \times 2 = 7,344
\]
### Step 2: Available Monthly Income
The total monthly income that will be available for the household budget is $7,344.
So, the available monthly income that can be applied to the household budget is **$7,344**.
### Step 1: Calculate Total Monthly Earnings
1. **Hourly Wage**: $22.95
2. **Hours Worked per Month**: 160 (full-time, 40 hours/week * 4 weeks)
3. **Number of Adults**: 2
The monthly income for one adult is calculated as follows:
\[
\text{Monthly Income per Adult} = \text{Hourly Wage} \times \text{Hours Worked}
\]
\[
\text{Monthly Income per Adult} = 22.95 \times 160 = 3,672
\]
Now, for two adults:
\[
\text{Total Monthly Income} = \text{Monthly Income per Adult} \times 2
\]
\[
\text{Total Monthly Income} = 3,672 \times 2 = 7,344
\]
### Step 2: Available Monthly Income
The total monthly income that will be available for the household budget is $7,344.
So, the available monthly income that can be applied to the household budget is **$7,344**.