Use the table to answer the question.
Items Cost
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.
To determine the hourly wage required to meet the family's basic needs, we need to calculate the total monthly cost for all the items listed in the table.
Total monthly cost = food and groceries + medical + housing + transportation + monthly taxes + other necessities
Total monthly cost = $821.33 + $751.33 + $1,324.17 + $1,251.00 + $882.58 + $745.67
Total monthly cost = $5,775.08
To find the hourly wage, we divide the total monthly cost by the number of hours worked in a month (assuming full-time work).
Assuming a typical full-time work month of 160 hours:
Hourly wage = Total monthly cost / 160 hours
Hourly wage = $5,775.08 / 160 hours
Hourly wage = $36.10 (rounded to the nearest hundredth)
Therefore, the hourly wage required to meet the family's basic needs is approximately $36.10.