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.
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To find the average hourly living wage for each adult, we need to divide the estimated monthly cost of living by the total number of working hours in a month.
First, we need to find the total number of working hours for both adults. Assuming each full-time working adult works 40 hours per week, we can calculate the total working hours in a month as follows:
2 adults * 40 hours/week * 4 weeks/month = 320 hours/month
Next, we divide the estimated monthly cost of living by the total working hours:
$3,784 / 320 hours = $11.84/hour
So, the average hourly living wage for each adult in order to support their basic needs is $11.84.