During the year, Green, Inc., incurs the following research expenditures: $\begin{array} { l }
\text {In-house wages, supplies, computer time }&\$600,000 \ \text {Paid to Blue Foundation for research }& 30,000\
\end{array}$
? Green's qualifying research expenditures for the year are:

Question

During the year, Green, Inc., incurs the following research expenditures: $\begin{array} { l  }
 \text {In-house wages, supplies, computer time }&\$600,000 \ \text {Paid to Blue Foundation for research  }& 30,000\
\end{array}$
 ? Green's qualifying research expenditures for the year are:

Quizplus · Accepted Answer

Qualifying research expenditures are 65% of in-house research expenses plus 100% of amounts paid to others for research. Thus, Green's qualifying research expenditures are:(65% x $600,000) + (100% x $30,000) = $390,000 + $30,000 = $420,000.

During the Year, Green, Inc ? Green's Qualifying Research Expenditures for the Year Are: A)$60,000

During the Year, Green, Inc ? Green's Qualifying Research Expenditures for the Year Are:
A)$60,000