A Question 12 ( 5 points) Retake question \( \checkmark \) Saved How much money must each adult earn per hour in Providence in order to meet their budget assuming they work regular work weeks during a month? (assume 4 weeks in a month) \( \$ 18.20 \) per hour \( \$ 12.90 \) per hour \( \$ 21.90 \) per hour \( \$ 12.80 \) per hour
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In Providence, the living wage can fluctuate based on various factors including average rent, utilities, and basic necessities, which influence how much adults need to earn per hour to cover their budget. For example, if the cost of living increases, so too must the hourly wage to maintain a standard of living that allows for basic comfort and security. When calculating the required hourly wage, it's essential to consider not just the gross earnings but also deductions such as taxes and potential benefits. A common mistake is underestimating these factors, which can lead individuals to assume they can live on less than is practically necessary. Always ensure you’re budgeting for unseen expenses!
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