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Exercise 12-13 (Algorithmic) (LO. 3) Alison incurs the following research expenditures. In-house wages $140,000 In-house supplies 14,000 Paid to ABC, Inc., for research services 196,000

Exercise 12-13 (Algorithmic) (LO. 3) Alison incurs the following research expenditures. In-house wages $140,000 In-house supplies 14,000 Paid to ABC, Inc., for research services 196,000 If required, round your answers to the nearest whole dollar. a. Determine the amount of Alison's qualified research expenditures for the tax year. $ b. If the taxpayer's that the base amount is $168,000, what is Alison's incremental research activities credit? $

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