Gregory and Crystal are a married couple with 3 children. They are both working full-time (40 hours per week). Their total monthly basic needs budget is $8,075 excluding taxes. On average what hourly wage should each earn in order to remain within their budget? Round the answer to the nearest hundredths place
A. $25.23
B. $27.10
C. $54.20
D. $50.46
To find the average hourly wage that Gregory and Crystal should earn, divide their total monthly budget by the number of hours they work in a month.
$8,075 / (40 hours/week * 4 weeks/month) = $50.47
Rounded to the nearest hundredths place, the answer is $50.46.
Therefore, the correct answer is option D. $50.46.