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 table is missing, so it is not possible to determine the average living wages of both adults.
items cost
food and groceries 637.08
childcare 701.25
medical 725.58
housing 1,324.17
transportation 1,059.03
monthly taxes 872.75
other basic necessities 512.50
round to the nearest hundredth
To determine the average living wages of both adults, we need to add up the costs of all the basic needs and divide by the number of adults (2).
Total basic needs cost = 637.08 + 701.25 + 725.58 + 1,324.17 + 1,059.03 + 872.75 + 512.50 = $5,832.36
Average living wages = Total basic needs cost / Number of adults = 5,832.36 / 2 = $2,916.18
Therefore, the average living wages of both adults should be $2,916.18 to support their family's basic needs.