salary each of the nine months as follows:

$($Click the icon to view salary data.$)$

$($Click the icon to view additional information.$)$

Requirements

Prepare WonderlandPreschool's monthly operating budget. Round all amounts to the nearest dollar.

Using your answer from Requirement $1,$ create WonderlandPreschool's budgeted income statement for the entire ninesctoobhyear. You may group all operating expenses together.

WonderlandPreschool is a not$-$for$-$profit preschool. What might the preschool do with its projected income for the year?

Salary data

Requirement $1.$ Prepare Wonderland Preschool's monthly operating budget. Round all amounts to the nearest dollar. $($Round amounts to the nearest dollar.$)$

Wonderland Preschool

Teachers of two$-$day program:

$$428$ per month

Budgeted Monthly Operating Expenses

Teachers' salary:

$2-$day program

$3-$day program

$4-$day program

$5-$day program

Director salary

Total salary expense

Payroll tax expense

More info

Lease expense

Fixed operating expenses

Variable operating expenses

Total monthly operating expenses

me solve this

Video

Get more help $.$

In addition to the salary expense, the preschool must pay federal payroll taxes $($FICA taxes$)$ in the amount of $7\mathrm{.}65\%$ of salary expense. The preschool leases its facilities from a local church, paying $$4,090$ every month it operates. Fixed operating expenses $($telephone$,$ internet access, bookkeeping services, and so forth$)$ amount to $$890$ 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 $$9$ per child. Revenue for the entire nine$-$month school year from tuition, registration fees, and the lunch program is projected to be $$241,300.$

Teachers of three$-$day program:

Teachers of four$-$day program:

Teachers of five$-$day program:

Preschool director's salary:

$$646$ per month

$$868$ per month

$$1,055$ per month

$$1,550$ per month

WonderlandPreschool has $7$ two$-$day program teachers, $2$ three$-$day program teachers, $4$ four$-$day program teachers, and $5$ five$-$day program teachers. The preschool also has a director.

More info $$241,300.$

Clear all

salary each of the nine months as follows:

$($Click the icon to view salary data.$)$

$($Click the icon to view additional information.$)$

Requirements

Prepare WonderlandPreschool's monthly operating budget. Round all amounts to the nearest dollar.

Using your answer from Requirement $1,$ create WonderlandPreschool's budgeted income statement for the entire nineschomyear. You may group all operating expenses together.

WonderlandPreschool is a not$-$for$-$profit preschool. What might the preschool do with its projected income for the year?

Salary data

Requirement $1.$ Prepare Wonderland Preschool's monthly operating budget. Round all amounts to the nearest dollar. $($Round amounts to the nearest dollar.$)$

Wonderland Preschool

Budgeted Monthly Operating Expenses

Teachers' salary:

$2-$day program

$3-$day program

$4-$day program

$5-$day program

Teachers of two$-$day program:

Teachers of three$-$day program:

Teachers of four$-$day program:

Teachers of five$-$day program:

$$428$ per month

Preschool director's salary:

$$646$ per month

$$868$ per month

$$1,055$ per month

$$1,550$ per month

WonderlandPreschool has $7$ two$-$day program teachers, $2$ three$-$day program teachers, $4$ four$-$day program teachers, and $5$ five$-$day program teachers. The preschool also has a director.

Director salary

Total salary expense

Payroll tax expense

More info

Done

Lease expense

Fixed operating expenses

Variable operating expenses

Total monthly operating expenses

In addition to the salary expense, the preschool must pay federal payroll taxes $($FICA taxes$)$ in the amount of $7\mathrm{.}65\%$ of salary expense. The preschool leases its facilities from a local church, paying $$4,090$ every month it operates. Fixed operating expenses $($telephone$,$ internet access, bookkeeping services, and so forth$)$ amount to $$890$ 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 $$9$ per child. Revenue for the entire nine$-$month school year from tuition, registration fees, and the lunch program is projected to be $$241,300.$