To determine the minimum amount of money a family must earn in one year to meet the requirements of the provided monthly budget, we first need to calculate the total monthly expenses and then multiply that by 12 (for the 12 months in a year).
Here's the breakdown of the monthly expenses:
- Housing: $550
- Utilities: $490
- Food: $510
- Health Care: $300
- Transportation: $600
- Other: $180
Now, add these amounts together:
\[ 550 + 490 + 510 + 300 + 600 + 180 = 2630 \]
The total monthly expenses are $2,630.
Now, multiply this amount by 12 to find the annual expenses:
\[ 2630 \times 12 = 31560 \]
Therefore, the minimum amount of money a family must earn in one year to meet this budget is $31,560.