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Meredith Bloom, CPA, pays her new staff accountant, Katelyn, a salary equivalent to $28 per hour while Meredith receives a salary equivalent to $38 per
Meredith Bloom, CPA, pays her new staff accountant, Katelyn, a salary equivalent to $28 per hour while Meredith receives a salary equivalent to $38 per hour. The firm's predetermined indirect cost allocation rate for the year is $15 per hour. Bloom bills for the firm's services at 31\% over cost. Assume Meredith works 5 hours and Katelyn works 9 hours preparing a tax return for Marisa Morris. 1. What is the total cost of preparing Morris's tax return? 2. How much will Meredith bill Morris for the tax work? 1. What is the total cost of preparing Morris's tax return? Enter the direct and indirect costs for preparing Morris's tax return
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