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Exercise 13-15 (Algorithmic) (LO. 3)

Alison incurs the following research expenditures.

In-house wages	$110,000
In-house supplies	11,000
Payment to ABC, Inc., for research	154,000

If required, round your answers to the nearest whole dollar.

a. Determine the amount of qualified research expenditures. $fill in the blank 1

b. Assuming that the base amount is $132,000, determine Alisons incremental research activities credit. $fill in the blank 2