Question 1

The disabled access credit was enacted to encourage small businesses to make their businesses more accessible to disabled individuals.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following best describes the treatment applicable to unused business credits?

Accepted Answer

A)   Unused amounts are carried forward indefinitely.
B)   Unused amounts are first carried back one year and then forward for 20 years.
C)   Unused amounts are first carried back one year and then forward for 10 years.
D)   Unused amounts are first carried back three years and then carried forward for 15 years.
E)   None of the above.F) A) and D)
G) A) and E)

Question 3

In May 2012,Blue Corporation hired Camilla,Jolene,and Tyrone,all of whom are certified as long-term family assistance recipients.Each employee is paid $12,000 during 2012.Camilla and Tyrone continued to work for Blue Corporation in 2013,earning $14,000 each.Blue hired no additional employees during 2013.

Accepted Answer

The answer of In May 2012,Blue Corporation hired Camilla,Jolene,and Tyrone,all...

Exam 13: Tax Credits and Payment Procedures

The disabled access credit was enacted to encourage small businesses to make their businesses more accessible to disabled individuals.

Correct Answer
verified

Correct Answer
verified

Which of the following best describes the treatment applicable to unused business credits?

Correct Answer
verified

Exam 13: Tax Credits and Payment Procedures

The disabled access credit was enacted to encourage small businesses to make their businesses more accessible to disabled individuals.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following best describes the treatment applicable to unused business credits?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified