For a family of 4, the estimated monthly cost of living in Fort Worth, Texas is $3,784. If there are 2 full-time working adults in the family, what is the average hourly living wage of each in order to support their basic needs? Round your answer to the nearest hundredth.(1 point)
To find the average hourly living wage for each adult, we need to divide the estimated monthly cost of living by the number of working hours in a month.
Let's assume the average number of working hours in a month is 160 hours (40 hours per week x 4 weeks).
The average hourly living wage for each adult is calculated by dividing the estimated monthly cost of living by the number of working hours per month:
Hourly living wage = Estimated monthly cost of living / Number of working hours per month
Hourly living wage = $3,784 / 160 = $23.65
Rounded to the nearest hundredth, the average hourly living wage for each working adult is $23.65.
You have a sneaker collection worth $2,000, and you have $300 in your savings account. But you also have a credit card balance of $200. What are your total assets?(1 point)
Responses
$2,500
$2,500
$2,300
$2,300
$500
$500
$2,000