JH
Answered
Determine the amount of the standard deduction for each of the following taxpayers for tax year 2017.
1.Leo and Mary who are under 65 and filing a joint return.They have no dependents.
2.Sergio who is single.
3.Peter who is over 65 and single.
4.Anna who is 38 and filing as head of household with a dependent child.
5.Frank who is 45 and blind and is filing as married filing separately.
On Jul 31, 2024
1.$12,700.
2.$6,350.
3.$7,900 ($6,350 plus the additional amount of $1,550).
4.$9,350.
5.$7,600 ($6,350 plus the additional amount of $1,250).
JH
Answered
Waterfall Company sells a product for $150 per unit. The variable cost is $80 per unit, and fixed costs are $270,000.
Determine the (a) break-even point in sales units and (b) break-even point in sales units if the company desires a target profit of $36,000. Round your answer to the nearest whole number.
On Jun 02, 2024
a. $150 - $80 = $70
$270,000 ÷ $70 = 3,857 units
b. ($270,000 + $36,000) ÷ $70 = 4,371 units