Question

What should this business budget monthly for each of the following expenses? What are the total expenses per annum (per year)? (Value: 3 pts)

Business expenses

Insurance

Total Salary for the two

employees

Rent

Vehicle maintenance

$1268.00 semi-monthly

$148500.00 annually

$3920.00 monthly

$865.00 quarterly

Answer 1

Insurance: $100 monthly ($1200 annually)
Total Salary for the two employees: $7425 monthly ($89100 annually)
Rent: $3920 monthly ($47040 annually)
Vehicle maintenance: $288 monthly ($3456 annually)

Total annual expenses: $153196