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)
The total monthly basic needs budget for the family is:
$637.08 + $701.25 + $725.58 + $1,324.17 + $1,059.03 + $872.75 + $512.50 = $5,832.36
Both adults work full-time, so they each work 40 hours per week. In a month, there are typically 4 weeks.
To find the average living wage, we divide the total basic needs budget by the number of hours worked by both adults in a month:
$5,832.36 / (40 hours/week * 2 adults * 4 weeks) = $36.45
Therefore, the average living wage for both adults should be $36.45 per hour.