During the year,Green,Inc. ,incurs the following research expenditures:
In-house wages,supplies,computer time
$60,000
Paid to Blue Foundation for research
30,000

Green's qualifying research expenditures for the year are:

Question

During the year,Green,Inc. ,incurs the following research expenditures:
In-house wages,supplies,computer time
$60,000
Paid to Blue Foundation for research
30,000
​
Green's qualifying research expenditures for the year are:

Quizplus · Accepted Answer

Green, Inc's qualifying research expenditures for the year are the sum of the in-house wages, supplies, and computer time plus 65% of the amount paid to Blue Foundation for research.

Qualifying research expenditures = (in-house wages + supplies + computer time) + (65% of amount paid to Blue Foundation)

Qualifying research expenditures = (60,000) + (0.65 x 30,000)

Qualifying research expenditures = 60,000 + 19,500

Qualifying research expenditures = $79,500

During the Year,Green,Inc. ,Incurs the Following Research Expenditures