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Monthly Family Budget

Expense
Amount
Housing
$1200
Food
$875
Child Care
$950
Transportation
$615
Health Care
$1,165
Other Necessities $550
Taxes
$340
Monthly Total $5,695
The father works 40 hours per week. Assuming a month has four weeks, which equation can be
used to determine w, the father's minimum hourly wage needed to meet the family's
estimated minimum monthly budget?

1 Answer

3 votes

Final answer:

To determine the father's minimum hourly wage to meet the monthly budget, multiply the hourly wage by the total working hours in a month and set it equal to the monthly total expenses. The equation is w * 160 hours = $5,695, and solving for w gives a minimum hourly wage of $35.59375.

Step-by-step explanation:

The student is asking for an equation to determine the father's minimum hourly wage, given the family's monthly total expenses. To calculate this, we will use the information provided about the father's work schedule. The father works 40 hours per week, and with an assumption of four weeks in a month, this translates to a total of 40 hours/week * 4 weeks/month = 160 hours/month. The family's monthly total expenses amount to $5,695.

The equation to find the minimum hourly wage w is therefore as follows:

w * 160 hours = $5,695

To solve for w, we divide both sides of the equation by 160 hours:

w = $5,695 / 160 hours

w = $35.59375

Therefore, the father's minimum hourly wage needed to meet the family's estimated minimum monthly budget would be $35.59375 per hour.

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