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Grixdale Tax Services prepares taxes for individuals. Grixdale offers a simplified pricing model with two...

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Accounting

Grixdale Tax Services prepares taxes for individuals. Grixdale offers a simplified pricing model with two alternatives for taxpayers:
Standard Deduction (Standard) or Itemized Deductions (Itemized). Price and variable costs for the two services are listed below.
The annual fixed costs at Grixdale are $280,000. Based on experience, the owner estimates that Standard Deduction returns
represent 25 percent of the the firm's business.
Required:
How many Standard Deduction and Itemized Deduction returns must be filed annually to break even?
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