food and groceries $821.33
medical $751.33
housing $1,324.17
transportation $1,251.00
monthly taxes $882.58
other necessities $745.67
The table shows the monthly basic needs budget for a 2-child family with 1 working adult in Fort Worth, Texas. Determine what hourly wage, working full-time, is required to meet the family’s basic needs. Round to the nearest hundredth. (1 point)
To determine the hourly wage required to meet the family's basic needs, we need to sum up the monthly expenses and divide by the number of working hours in a month.
The sum of the monthly expenses is $821.33 + $751.33 + $1,324.17 + $1,251.00 + $882.58 + $745.67 = $5,776.08.
Assuming a standard 40-hour workweek for a full-time job, the number of working hours in a month can be calculated as 40 hours per week * 4 weeks = 160 hours.
Therefore, the required hourly wage is $5,776.08 / 160 hours = $36.10 (rounded to the nearest hundredth).