The Robinson family includes 2 children and 2 parents who are both working full-time (2,080 hours per work year). Their total annual basic needs budget is $95,477 excluding taxes. On average, what hourly wage should each parent earn in order to remain within their budget?(1 point)
Responses
$22.95
$22.95
$45.90
$45.90
$18.25
$18.25
$31.39
The correct answer is $45.90.
To calculate the hourly wage, divide the total annual basic needs budget by the number of work hours in a year.
$95,477 / 2,080 = $45.90
are you sure
Apologies for the mistake. Let's recalculate:
The total annual basic needs budget is $95,477.
To calculate the hourly wage, divide the total budget by the number of work hours in a year:
$95,477 / 2,080 = $45.91
Therefore, the correct answer is $45.91.