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) $
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 each full-time working adult works 40 hours per week and there are 4 weeks in a month, the total number of working hours per month is:
2 (number of full-time working adults) * 40 (hours per week) * 4 (weeks per month) = 320
Now, we can calculate the average hourly living wage by dividing the estimated monthly cost of living by the total number of working hours:
$3784 (estimated monthly cost of living) / 320 (total number of working hours) = $11.83
Rounded to the nearest hundredth, the average hourly living wage for each full-time working adult is $11.83.
wrong
Apologies for the incorrect calculation. Let's try again:
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 each full-time working adult works about 40 hours per week and there are 4 weeks in a month, the total number of working hours per month is:
2 (number of full-time working adults) * 40 (hours per week) * 4 (weeks per month) = 320
Now, we can calculate the average hourly living wage by dividing the estimated monthly cost of living by the total number of working hours:
$3784 (estimated monthly cost of living) / 320 (total number of working hours) = $11.825
Rounded to the nearest hundredth, the average hourly living wage for each full-time working adult is $11.83.