Donald Brennan has a financial planning business that received revenue totaling $212,000 for the year. His operating expenses were as follows: $99,600 for salaries; $4,980 for payroll taxes; $10,200 for office rent; $1,500 for depreciation of equipment; $12,500 for supplies; $5,040 for utilities; $2,544 for miscellaneous expenses; $6,850 for automobile expense; and $575 for equipment repair expense. Compute the total operating expenses and net profit before taxes for Donald Brennan's office for the year.

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The Answer of Donald Brennan has a financial planning business that received revenue totaling $212,000 for the year. His operating expenses were as follows: $99,600 for salaries; $4,980 for payroll taxes; $10,200 for office rent; $1,500 for depreciation of equipment; $12,500 for supplies; $5,040 for utilities; $2,544 for miscellaneous expenses; $6,850 for automobile expense; and $575 for equipment repair expense. Compute the total operating expenses and net profit before taxes for Donald Brennan's office for the year.

Donald Brennan Has a Financial Planning Business That Received Revenue