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
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