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Question - Assume the following cost information for Katich Ltd.:
Selling price $240 per unit
Variable costs $140 per unit
Total fixed costs $140,000
Tax rate 40%
Required - What minimum volume of sales dollars is required to earn an after-tax net profit of $30,000?
A. $465,000
B. $456,000
C. $165,000
D. $330,000
Assuming that she receives $3,600 this year, what is the exclusion percentage and how much is included in her gross income? Round the exclusion percentage to two decimal places. Round the final answer for the income to the nearest dollar.
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