Scammers are contacting taxpayers while pretending to be from the Michigan Department of Treasury, using out‑of‑state phone numbers. They may request payments or attempt to trick you into providing your bank account information. Always verify the source before sharing any personal or financial details.
Unadjusted Credit Example: Fewer Than 250 Employees, Michigan Research University Credit
Unadjusted Credit Example: Fewer Than 250 Employees, Michigan Research University Credit
An eligible business with fewer than 250 employees is claiming the Research and Development (R&D) Tax Credit and needs to calculate its unadjusted credit for the current expense year.
Inputs
- Base amount: $50,000
- Expense year MQREs: $110,000
- Michigan research university MQREs: $25,000
Calculation
Standard credit = (3% × $50,000) + (15% × ($110,000 − $50,000))
= $1,500 + (15% × $60,000)
= $1,500 + $9,000
= $10,500
Michigan research university credit = 5% × $25,000 = $1,250
Unadjusted credit = $10,500 + $1,250 = $11,750