In the renovation of its building, Green Company incurs $9,000 of expenditures that qualify for the disabled access credit.The disabled access credit is:

Question

Quizplus · Accepted Answer

The disabled access credit is equal to 50% of eligible expenses up to $10,250, resulting in a maximum credit of $5,000. Since Green Company's eligible expenses are $9,000, the credit would be 50% of that, which is $4,500. However, since the maximum credit is $5,000 and $4,500 is less than that, the credit would be the full amount of $4,500. Therefore, the best choice is C.

In the Renovation of Its Building, Green Company Incurs $9,000