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) not hourly in total of a month
To find the average living wage of both adults, we need to add up the costs of all the basic needs and divide it by 2, since there are 2 working adults.
Total basic needs cost per month = food and groceries + childcare + medical + housing + transportation + monthly taxes + other basic necessities
= $637.08 + $701.25 + $725.58 + $1,324.17 + $1,059.03 + $872.75 + $512.50
= $5,832.36
Average living wage of both adults = Total basic needs cost per month / 2
= $5,832.36 / 2
= $2,916.18
Therefore, the average living wage of both adults should be $2,916.18 to support their family's basic needs.