(Click the icon to view salary data.) (Click the icon to view additional information.) Requirements Salary data 1. Prepare Great Start Preschool's monthly operating budget. Round all amounts to the nearest dollar. 3. Great Start Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year? Requirement 3. Great Start Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year? From the budgeted income statement, Great Start Preschool learns that projected operating income for the year. Since the preschool is a not-for-profit preschool, in business to generate income for its owners. The preschool may be able to further its organizational goals with the projected income It may decide to use the income for any of the following purposes. (If an input field is not used in the table leave the input field empty; do not select a label.) More info In addition to the salary expense, the preschool must pay federal payroll taxes (FICA taxes) in the amount of 7.65% of salary expense. The preschool leases its facilities from a local church, paying $4,040 every month it operates. Fixed operating expenses (telephone, internet access, bookkeeping services, and so forth) amount to $940 per month over the nine-month school year. Variable monthly expenses (over the nine-month school year) for art supplies and other miscellaneous supplies are $8 per child. Revenue for the entire nine-month school year from tuition, registration fees, and the lunch program is projected to be $239,100. Get more help