A car, a house, and a boat are examples of what type of product?

Alison incurs the following research expenditures. In-house wages $125,000 In-house supplies 12,500 Paid to ABC, Inc., for resea

Rom4ik [11]

a. The amount of Alison's qualified research expenditures for the tax year is $251,250.

b. Alison's incremental research activities credit is $20,250.

a. Alison's qualified research expenditures:

Qualified research expenditures=In-house wages+ In-house supplies+ (Research services× 65%)

Qualified research expenditures=$125,000+$12,500+ ($175,000×65%)

Qualified research expenditures=$125,000+$12,500+$113,750

Qualified research expenditures=$251,250

b. Alison's incremental research activities credit:

Incremental research activities credit=(Qualified research expenditures-Base amount)×20%

Incremental research activities credit=($251,250-$150,000)×20%

Incremental research activities credit=$101,250×20%

Incremental research activities credit=$20,250

Inconclusion the amount of Alison's qualified research expenditures for the tax year is $251,250 and Alison's incremental research activities credit is $20,250.

Learn more about qualified research expenditures here:brainly.com/question/8174418

4 0

3 years ago

Suppose a new process was developed that could be used to make oil out of seawater. The equipment required is quite expensive, b

Butoxors [25]

Answer:

Interest rates will rise

Explanation:

The reason is that the new process will lead to an appreciable rise in productivity in the energy sector. This rise in productivity positively affect the the rate of return on the investments of producers which indicates an increase in income. As people have more money to spend due to increase in income, demand will therefore rise. Increase in income would make the amount of savings and investment rise in the economy. The rise in investment will eventually lead to a rise all interest rates.

I wish you the best.

5 0

3 years ago

A manufacturer planned to use $97 of materials per unit produced, but in the most recent period it actually used $95 of material

Tasya [4]

Answer:

The flexible-budget variance for materials is $5,000 favorable.

Explanation:

In order to calculate the The flexible-budget variance for materials we have to use the following formula:

Flexible budget variance for materials = Budgeted material cost for actual production - Actual material cost

= (2,500*$97) - (2,500*$95)

= $242,500-$237,500

= $5,000

Hence, The flexible-budget variance for materials is $5,000 favorable.

6 0

3 years ago

An online data entry program is used for original entry of vendor invoices. A batch check-writing program occasionally prepares

Aleonysh [2.5K]

<u>Answer:</u> Option 1 A record lookup for vendors during data entry.

<u>Explanation:</u>

Programmers will have the access to change the programs and data files in order to correct the errors. Vendor invoice is the document which shows the amount owed by the receiver to the supplier. On receiving the invoice it has to be uploaded using the accounting software and schedule the payment accordingly.

When data entry is done it is easy to find the errors in the system. The non sense characters in the payee field can be detected using the data entry. So data entry is considered to be the most effective programmed control.

3 0

3 years ago

A taxpayer places a $1,050,000 5-year recovery period asset in service in 2019. This is the only asset placed in service in 2019

asambeis [7]

Answer:

hi your question lacks the options here is the options and the answer

a. $1,000,000

b. $200,000

c. $1,050,000

d. $1,026,000

e. $210,000

answer : $1026000 ( D )

Explanation:

properties placed in service in 2019 = $1050000

The threshold for the year 2019 under the section 179 = $2550000

Maximum expense/deduction before phase out under the section 179 = $1020000

The depreciable value =$1050000 - $ 1020000 = $30000

The MACRS depreciation half - year convention under 5 years = 20% of depreciable value = 20% * 30000

= $6000

hence the total cost recovery = MACRS + Maximum expense/deduction

= $6000 + $1020000

= $1026000

7 0

3 years ago