Which of the following is most true about full-time, minimum wage employment?
A) Full-time minimum wage employmen for a parent and child to pay for the basic necessities.
B) Full-time minimum wage employment provides enough income for a parent who has a child to pay for basic necessities and some discretionary spending.
C) Full-time minimum wage employment does not provide enough income for a parent to rent an apartment with a bedroom for himself and his child, pay for food, and pay for utilities.

Question

Quizplus · Accepted Answer

Full-time minimum wage employment typically pays around $7.25 per hour, and assuming a 40-hour workweek, would result in a gross income of $15,080 per year. After taxes and other deductions, the net income would be even lower. According to the National Low Income Housing Coalition, a full-time minimum wage worker would need to work 79 hours per week to afford a two-bedroom apartment at fair market rent. This means that a parent with a child would struggle to cover basic necessities like rent, food, and utilities on a full-time minimum wage income. Thus, option C is the most accurate.

Which of the Following Is Most True About Full-Time, Minimum