Choose the One Alternative That Best Completes the Statement or Answers

question 170

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A summer camp wants to hire counselors and aides to fill its staffing needs at minimum cost. The average monthly salary of a counselor is $2400 and the average monthly salary of an aide is $1100. The camp can
Accommodate up to 45 staff members and needs at least 30 to run properly. They must have at least 10 aides,
And may have up to 3 aides for every 2 counselors. How many counselors and how many aides should the
Camp hire to minimize cost?

• A) 35 counselors and 10 aides
• B) 12 counselors and 18 aides
• C) 27 counselors and 18 aides
• D) 18 counselors and 12 aides

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Definitions:

Deferred Taxes

Taxes that are incurred in one period but are not paid until a future period, often due to timing differences between accounting and tax reporting.

Taxable Entity

A business or individual that is required to pay taxes to a federal, state, or local government.

Permanent Difference

These are differences between taxable income and accounting income that originate in one period and do not reverse over time, affecting taxable income and tax liability.

Temporary Difference

A discrepancy between the tax base of an asset or liability and its carrying amount on the balance sheet that results in taxable or deductible amounts in future years.