Counters and Green, CPAs, LLP had revenues last month of $46…
Counters and Green, CPAs, LLP had revenues last month of $46,000 with the only variable costs consisting of 100 hours of staff labor at $130 per hour and 50 hours of partner-level labor at $200 per hour. Fixed costs are $120,000 for the year. The firm has a 30% tax rate. Based on this information, the firm’s net income last month was