What is Alison incremental research activities credit

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Problem - Alison incurs the following research expenditures.

In-house wages $60,000

In-house supplies 5,000

Paid to ABC, Inc., for research services 80,000

Required -

a. Determine the amount of Alison's qualified research expenditures for the tax year.

b. If the taxpayer's base amount is $50,000, what is Alison's incremental research activities credit?

Reference no: EM132659369

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