Oriole CPA firm prepares approximately 1056 individual tax returns each year. Since a majority of...
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Accounting
Oriole CPA firm prepares approximately 1056 individual tax returns each year. Since a majority of the cost of preparing tax returns results from the salary of the tax preparers and reviewers, Oriole charges customers a markup on labor rates. The highest paid preparers earn $25 per hour and are CPAs with several years experience. Oriole charges its customers $40 per hour. If Oriole charges the same markup percentage to all clients, what price will Oriole charge for a less-experienced preparer who earns only $20 per hour?
$32.0
$31.2
$40.0
$35.0
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