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Start Smart Preschool operates a not-for-profit moming preschool that operates eight months of the year. The preschool has 180 kids enrolled in its various programs. The preschool's primary expense is payroll Teachers are paid a flat salary each of the eight months as follows: Click the icon to view salary data) Click the loon to view additional information) Requirements 1. Prepare Start Smart Preschool's monthly operating budget. Round all amounts to the nearest dollar 2. Using your answer from Requirement 1, create Start Smart Preschool's budgebed income statement for the entire eight-month school year. You may group all operating expenses together 3. Start Smart Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year? 2-day program 3-day program 4-day program 5-day program Director salary Total salary expense Payroll tax expense Lease expense Fored operating expenses Variable operating expenses Total monthly operating expenses 0 Salary data Teachers of two-day program: $430 per month Teachers of three-day program: $651 per month Teachers of four-day program: $862 per month Teachers of five-day program: $1,055 per month Preschool director's salary: $1,200 per month Start Smart Preschool has 8 two-day program teachers, 6 three-day program teachers, 4 four-day program teachers, and 2 five-day program teachers. The preschool also has a director. Print Done i 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 $4,020 every month it operates. Fixed operating expenses (telephone, internet access, bookkeeping services, and so forth) amount to $860 per month over the eight-month school year. Variable monthly expenses (over the eight-month school year) for art supplies and other miscellaneous supplies are $13 per child. Revenue for the entire eight-month school year from tuition, registration fees, and the lunch program is projected to be $241,200. Print Print Done Done]

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