NEED ASAP 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. (10 points)

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. (5 points)

Full-time worker minimum monthly income = US$ 7,846.40

Part-time worker minimum monthly income  = US$ 7,846.40

Full-time worker hourly wage = US$ 49.04

Part-time worker hourly wage = US$ 98.08

Step-by-step explanation:

1. Let's review the information given to answer the question correctly:

Monthly costs of a 2-adult and 3-children family in the Modesto metro area = US$ 7,846

Full-time worker = 4 weeks of 40-hour per month

Part-time worker = 2 weeks of 40-hour per month

2. Let's calculate the minimum monthly income and hourly wage per worker

Full-time worker hourly wage = Monthly costs/160

Part-time worker hourly wage = Monthly costs/80

Full-time worker hourly wage = 7,846/160

Part-time worker hourly wage = 7,846/80

Full-time worker hourly wage = US$ 49.04

Part-time worker hourly wage = US$ 98.08

Full-time worker minimum monthly income = Hourly wage * 160

Part-time worker minimum monthly income  = Hourly wage * 80

Full-time worker minimum monthly income = US$ 7,846.40

Part-time worker minimum monthly income  = US$ 7,846.40