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SWFT Essntl Tax Individ/Bus Entities 2020

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter2: Working With The Tax Law

Section: Chapter Questions

Problem 3BD

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Question

An accounting firm has 780 hours of staff time and 272 hours of reviewing time available each week. The firm charges $1500 for an audit and $200
for a tax return. Each audit requires 60 hours of staff time and 16 hours of review time. Each tax return requires 10 hours of staff time and 4 hours
of review time. What numbers of audits and tax returns will yield an optimal revenue?
audits
tax returns
What is..the..optimal revenue?
x
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