Cost $999.92, $2103.67, $733.75, $1728.08, 1358.67, 429.42, 721.25
The table shows the monthly basic needs budget for a three-child family with two working adults in Forth Worth Texas. What should be the average of living wage of both adults so they can support their family's basic needs? Assume both parents work full time(40 hours per week). Round off to the nearest hundredth
To find the average living wage for both adults, we need to find the total monthly basic needs budget for the family and divide it by 2 (since both adults are working).
Total monthly basic needs budget = $999.92 + $2103.67 + $733.75 + $1728.08 + $1358.67 + $429.42 + $721.25 = $8093.76
Average living wage for both adults = $8093.76 / 2 = $4046.88
Therefore, the average living wage for both adults should be approximately $4046.88.