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
$45.90
$45.90
$22.95
$22.95
$18.25
$18.25
$31.39
To determine the hourly wage each parent should earn, divide the total annual basic needs budget by the total number of working hours per year:
$95,477 / (2,080 hours/year * 2 parents) = $11.48/hour
Rounding this to the nearest cent, the hourly wage should be $11.48.
None of the given answer choices match this calculation, so there may be an error in the options provided.