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Author Question: Runway Corporation has $2 million of gross receipts in the preceding year. For purposes of the ... (Read 24 times)

javeds

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Question 1

Octo Corp. purchases a building for use in its business at a cost of $100,000. The building was built in 1930 and needs substantial work so it can be used. Octo spends $150,000 on qualifying renovations.  Octo will earn a rehabilitation credit of
◦ $15,000.
◦ $25,000.
◦ $5,000.
◦ $30,000.

Question 2

Runway Corporation has $2 million of gross receipts in the preceding year. For purposes of the disabled access credit, what is the maximum number of full-time employees the corporation can have in the preceding year?
◦ 10
◦ 15
◦ 20
◦ 30


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Marked as best answer by javeds on Sep 13, 2020

k.lashomb

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javeds

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Reply 2 on: Sep 13, 2020
Gracias!


31809pancho

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Reply 3 on: Yesterday
:D TYSM

 

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