Use the table to answer the question. Items Cost food and groceries $637.08 child care $701.25 medical $725.58 housing $1,324.17 transportation $1,059.03 monthly taxes $872.75 other basic necessities $512.50 The table shows the monthly basic needs budget for a 1-child family with 2 working adults in Fort Worth, Texas. What should be the average of living wages of both adults so they can support their family’s basic needs? Assume both parents work full-time (40 hours per week). Round to the nearest hundredth. (1 point)

Answer 1

The average of living wages of both adults should be the total of all the basic needs divided by the number of adults, which is 2.

Total basic needs = food and groceries + child care + medical + housing + transportation + monthly taxes + other basic necessities
Total basic needs = $637.08 + $701.25 + $725.58 + $1,324.17 + $1,059.03 + $872.75 + $512.50
Total basic needs = $5,832.36

Average living wage = Total basic needs / number of adults
Average living wage = $5,832.36 / 2
Average living wage = $2,916.18

Therefore, the average of living wages of both adults should be $2,916.18 to support their family's basic needs.

Answer 2

how much an hour

Answer 3

To calculate the hourly wage, you need to divide the average living wage by the number of hours worked in a month.

Assuming they work full-time (40 hours per week), the average number of hours worked in a month is 40 hours/week * 4 weeks/month = 160 hours.

Hourly wage = Average living wage / Number of hours worked in a month
Hourly wage = $2,916.18 / 160 hours
Hourly wage ≈ $18.23 per hour

Therefore, both adults should earn at least $18.23 per hour to support their family's basic needs.