The Robinson family includes 2 children and 2 parents who are both working full-time (2,080 hours per work year). Their total annual basic needs budget is $95,477 excluding taxes. On average, what hourly wage should each parent earn in order to remain within their budget?(1 point)

Question

Responses

$45.90
$45.90

$18.25
$18.25

$22.95
$22.95

$31.39

Answer 1

To calculate the average hourly wage, divide the total annual basic needs budget by the total number of working hours per year (2,080 hours):

$95,477 / 2,080 = $45.90

Therefore, each parent should earn an average hourly wage of $45.90 in order to remain within their budget.