I NEED IT ASAP!!!!!!!
a) Search for a "family budget estimator" and calculate the monthly expenses for a family living in your city.
Insert a screenshot of the calculator you used, as well as all of the information you entered into it. If you are unable to insert a screenshot, then list the information below

b) State the minimum monthly income and hourly wage per worker needed to cover monthly expenses for the family you used in part a. Then, explain how to calculate the hourly wage based on the monthly income and state the hourly wage. Assume that each full-time worker works four 40-hour work weeks per month, and each part-time worker works two 40-hour weeks per month

c) Keeping all other criteria the same, add a child to the family you used in part a to determine the monthly expenses. How does an additional child impact the family budget and hourly wage? Which category was least affected by this change? Explain why you think there was little impact to this category

Respuesta :

The main significance of a family budget estimator is that it helps to effectively manage money and helps the family to spend their money wisely on the things they needs.

What is a family budget estimator?

This budget estimator helps to measures the income that a family needs in order to attain a modest yet adequate standard of living. The budgets also estimate the community-specific costs for 10 family types (one or two adults with zero to four children) in all counties and metro areas in the United States.

Based on the attached image:

        MONTHLY COSTS

••• adults and  ••• children

•••  2 adults and 4 children

      Union County, NJ

HOUSING •••                       $1,731

FOOD •••                              $1,142

CHILD CARE •••                   $1,723

Transportation •••                $1,173

HEALTH CARE •••               $1,528

OTHER NECESSITIES •••    $1,159

TAXES •••                             $1,411

Monthly Total •••                 $9,865

Annual Total •••                   $118,386

Read more about budget estimator

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