Start Smart Preschool operates a not-for-profit morning preschool that operates nine months of the year. The preschool has 160 kids enrolled in its various programs. The pre- school's primary expense is payroll. Teachers are paid a flat salary each of the nine months as follows: Teachers of two-day program $ 434 per month Teachers of three-day program $ 648 per month Teachers of four-day program $ 884 per month Teachers of five-day program $1, 060 per month Preschool director's salary S1, 500 per month Start Smart Preschool has 7 two-day program teachers, 2 three-day program teachers, 5 four-day program teachers, and 4 five-day program teachers. The preschool also has a director 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, 012 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 $6 per child. Revenue for the entire nine-month school year from tuition, registration fees, and the lunch program is projected to be $241, 200. Start Smart Preschool operates a not-for-profit morning preschool that operates nine months of the year. The preschool has 160 kids enrolled in its various programs. The pre- school's primary expense is payroll. Teachers are paid a flat salary each of the nine months as follows: Teachers of two-day program $ 434 per month Teachers of three-day program $ 648 per month Teachers of four-day program $ 884 per month Teachers of five-day program $1, 060 per month Preschool director's salary S1, 500 per month Start Smart Preschool has 7 two-day program teachers, 2 three-day program teachers, 5 four-day program teachers, and 4 five-day program teachers. The preschool also has a director 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, 012 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 $6 per child. Revenue for the entire nine-month school year from tuition, registration fees, and the lunch program is projected to be $241, 200