To determine the hourly wage required to meet the family's basic needs, we need to calculate the total monthly expenses and then divide it by the number of hours worked in a month.
Total monthly expenses include food and groceries ($821.33), medical ($751.33), housing ($1,324.17), transportation ($1,251.00), monthly taxes ($882.58), and other necessities ($745.67). Adding these up:
821.33 + 751.33 + 1324.17 + 1251.00 + 882.58 + 745.67 = 5776.08
Now, we need to divide this total by the number of hours worked in a month. Assuming a full-time job is 40 hours per week and 4.33 weeks in a month, we have:
40 hours/week * 4.33 weeks/month = 173.2 hours/month
Dividing the total monthly expenses by the number of hours worked:
5776.08 / 173.2 = 33.37
Rounding to the nearest hundredth, the hourly wage required to meet the family's basic needs is $33.37.
Use the table to answer the question. Items Cost 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.
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