The Zhong Trust Is a Calendar Year Taxpayer

question 16

Multiple Choice

The Zhong Trust is a calendar year taxpayer. Its Form 1041 is due on which date in the following year?

• A) March 15.
• B) April 15.
• C) June 15.
• D) September 15 if extended.

---

Definitions:

Break-even Point

The point at which total costs and total revenue are equal, meaning no profit is made but losses are recovered.

Sales Mix

The combination of different products or services that a company sells, often analyzed to understand its impact on overall sales and profitability.

Contribution Margin

The difference between the sales revenue of a company and its variable costs.

Break-even Sales

Break-even sales refer to the amount of revenue required to cover all fixed and variable costs, resulting in zero profit or loss.