To determine the hourly wage required to meet the family's basic needs, we need to calculate the total monthly expenses first.
Food and groceries: $821.30
Medical: $751.33
Housing: $1000.00
Utilities: $300.24
Transportation: $70.00
Taxes: $1251.00
Other necessities: $882.58
Total monthly expenses = $821.30 + $751.33 + $1000.00 + $300.24 + $70.00 + $1251.00 + $882.58 = $5076.45
Assuming a full-time working month consists of 160 hours on average, we can divide the monthly expenses by the number of working hours to find the hourly wage required.
Hourly wage = $5076.45 / 160 = $31.73
Therefore, the approximate hourly wage required to meet the family's basic needs is $31.73.
Food and groceries $821.30 medical $751.33 housing $1000. 3 hundred $.24 and $70 transportation $1251 monthly taxes $882.58 other necessities $445.67 the table shows the monthly basis means for a budget for a two child family with one 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 hundredths
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