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Unadjusted Credit Example: Fewer Than 250 Employees, MQREs Do Not Exceed Base Amount
Unadjusted Credit Example: Fewer Than 250 Employees, MQREs Do Not Exceed Base Amount
A business with fewer than 250 employees is calculating its unadjusted credit for the Research and Development (R&D) Tax Credit for the current expense year.
Inputs
- Base amount: $50,000
- Expense year MQREs: $50,000
- Michigan research university MQREs: $0
Outcome
MQREs do not exceed the base amount. The business is not eligible for the credit.
Unadjusted credit = $0