During january, luxury cruise lines incurs employee salaries of $1.7 million. withholdings in january are $130,050 for the employee portion of fica, $255,000 for federal income tax, $106,250 for state income tax, and $17,000 for the employee portion of health insurance (payable to blue cross blue shield). the company incurs an additional $105,400 for federal and state unemployment tax and $51,000 for the employer portion of health insurance.

George wants to collect funds to open his own bakery from his family.  he needs an accurate estimate of how much money he would require to run the bakery for at least six months.  he has to buy a shop  (costing $3,500)  and buy an oven  (costing $600).  his  start-up  costs, including various utility costs, would be  $300.  he has calculated his monthly expenses as  $250.  how much money would george require to start his business and run it for at least six months? a.  $3500b.  $5,900c.  $7,200d.  $7,400e.  $8,200its not c.7200 tried it