To determine the hourly wage required to meet the family's basic needs, we need to sum up the monthly expenses and divide by the number of working hours in a month.
The sum of the monthly expenses is $821.33 + $751.33 + $1,324.17 + $1,251.00 + $882.58 + $745.67 = $5,776.08.
Assuming a standard 40-hour workweek for a full-time job, the number of working hours in a month can be calculated as 40 hours per week * 4 weeks = 160 hours.
Therefore, the required hourly wage is $5,776.08 / 160 hours = $36.10 (rounded to the nearest hundredth).
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)
1 answer