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Author Question: Kors Corporation has 30 employees and $5 million of gross receipts. Kors spends $15,000 for ... (Read 50 times)

bb

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Question 1

Kerry is single and has AGI of $25,000 in 2016. During the year he contributes $5,000 to his Roth IRA. What is the amount of qualified retirement savings contributions credit to which he is entitled?
◦ $200
◦ $400
◦ $800
◦ $1,000

Question 2

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
◦ $5,000.
◦ $5,125.
◦ $0.
◦ $7,500.


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Marked as best answer by bb on Sep 13, 2020

leeeep

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bb

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Reply 2 on: Sep 13, 2020
Wow, this really help


patma1981

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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