The Robinson family includes 2 children. 2 parents who are both working full-time 2080 hours per work year. Their total annual basic need budget is 95470 seven, excluding taxes on average. What hourly wage should each parent earn in order to remain in their budget
To determine the hourly wage each parent should earn, we need to divide their total annual basic need budget by the total number of working hours per year.
Total working hours per year for both parents = 2 parents * 2080 hours = 4160 hours
Hourly wage per parent = Total budget / Total working hours per year per parent
= $95470 / 4160 hours per parent
≈ $22.98 per hour per parent
Therefore, each parent should earn approximately $22.98 per hour in order to remain in their budget.