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.
(1 point)
To determine the hourly wage required to meet the family's basic needs, we need to add up all the costs and divide by the number of hours worked in a month.
First, we need to determine the monthly total cost:
Total cost = food and groceries + medical + housing + transportation + monthly taxes + other necessities
Total cost = $821.33 + $751.33 + $1,324.17 + $1,251.00 + $882.58 + $745.67
Total cost = $5776.08
Next, we need to determine the number of hours worked in a month. Assuming full-time work is 40 hours per week for 4 weeks in a month:
Hours worked = 40 hours/week x 4 weeks/month
Hours worked = 160 hours
Finally, we can determine the hourly wage required:
Hourly wage = Total cost / Hours worked
Hourly wage = $5776.08 / 160 hours
Hourly wage ≈ $36.10
Therefore, the hourly wage required to meet the family's basic needs, working full-time, is approximately $36.10.