For a family of 4, the estimated monthly cost of living in Fortworth, 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 the answer to the nearest hundredth.
To find the average hourly living wage, we need to calculate the total number of hours worked by both adults in a month.
Let's assume that each adult works 40 hours per week, which means they work a total of 40 hours x 2 = 80 hours each per week.
In a month, they work 80 hours x 4 = 320 hours each.
Now, we divide the estimated monthly cost of living by the total number of hours worked to find the average hourly living wage:
$3,784 / 320 hours = $11.825 per hour.
Therefore, the average hourly living wage for each adult is $11.83 when rounded to the nearest hundredth.