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)
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To calculate the average hourly living wage, we need to divide the estimated monthly cost of living by the total number of working hours in a month.
Assuming a standard 40-hour workweek and 4 weeks in a month, each adult would work a total of 160 hours per month (40 hours/week * 4 weeks).
So, the total number of working hours for two full-time working adults would be 320 hours (160 hours/person * 2 persons).
To find the average hourly living wage, we divide the estimated monthly cost of living by the total number of working hours.
Average hourly living wage = $3,784 / 320 hours = $11.83 (rounded to the nearest hundredth)
Therefore, the average hourly living wage needed for each adult in order to support their basic needs would be $11.83.