You have been running a construction company out of your home with your spouse helping you keep the books. The company has grown and has begun to take up too much of your and your spouse’s time. The...

You have been running a construction company out of your home with your spouse helping you keep the books. The company has grown and has begun to take up too much of your and your spouse’s time. The decision has been made to hire a part-time estimator to help you with the bidding and a fulltime office manager. The office manager’s duties will include accounting, receptionist, and secretarial duties. By hiring the new personnel you will need to move the company’s operations out of your home and into an office.

The employees pay $200 per month toward their insurance, which is not subject to social security and Medicare taxes. The budget should include the following budget categories: