In order to replace money you would lose from the Food Program at the Tier II rate, you would have to charge parents $8.65 ($450 divided by 52 weeks) extra per child per week. You’d have to report this income and pay taxes on it (just the same as if you received this money as a reimbursement). If you don’t raise your rates by at least this much, you will be financially worse off than you were on the Food Program. If you raise your rate by $9.65 per week you will be better off by only $1 per week. If you stay on the Food Program and raise your rates, you will keep every dollar of the increase for yourself.
Viewed 6588 Times Date : 19.10.2015
Was this answer helpful ? Yes (0) / No (0)