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)
$45.90
$22.95
$18.25
$31.39
To find the hourly wage that each parent should earn, we can divide the total annual budget by the number of work hours per year:
Hourly wage = Total annual budget / Number of work hours per year
Total annual budget = $95,477
Number of work hours per year = 2,080
Hourly wage = $95,477 / 2,080 ≈ $45.90
Therefore, each parent should earn approximately $45.90 per hour.