Facility rent is ($2,200) per month, accounting services cost ($2,600) per month, insurance is ($1,100) per month,

Question:

Facility rent is $$2,200$ per month, accounting services cost $$2,600$ per month, insurance is $$1,100$ per month, and utilities such as phone and electricity cost

$$550$ per month. The manager is paid $$89,000$ per year, gets benefits worth

$$6,500$ per year, and the Social Security contribution is 7.65 percent. Given this information, what is the amount of annual fixed expense that this company has to pay?

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