A-grade Tax Service prepares taxes for individual, and offers two alternatives for its clients: Standard Deduction and
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A-grade Tax Service prepares taxes for individual, and offers two alternatives for its clients: Standard Deduction and Itemized Deduction. The owner, Dianne, provides the following information about its operations: Sales Price per Return Standard $75, Itemized $225, Variable Costs per Return Standard 15, Itemized 30. Dianne estimates that 75% of total returns prepared are for the itemized alternative. Annual Fixed Costs amount to $232,000. How much is the Weighted-Average CM per Standard and Itemized; Based on the percentages provided (25% and 75%)
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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