High-Level Estimate- Mental Calculation
1
Determine Total Annual W2 Wage Expense
25%X’s W2 Wage = Qualified Research Expenses
2
7.5%X’s Qualified Research Expenses = Annual net Federal Tax Credit
3
#3X’s 4 =‘s Total Federal Credit Benefit for Open Tax Years 2019-2022
4
R&D TAX CREDIT. // 155
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