Kors Corporation has 30 employees and $5 million of gross receipts.Kors spends $15,000 for qualified structural improvements for access for the disabled.The disabled access credit is

Question

Quizplus · Accepted Answer

The disabled access credit is calculated as 50% of the amount over $250, up to $10,250. So, ($15,000 - $250) * 50% = $7,375, but the maximum credit allowed is $5,000.

Kors Corporation Has 30 Employees and $5 Million of Gross