Kors Corporation Has 30 Employees and $5 Million of Gross

question 2058

Multiple Choice

Kors Corporation has 30 employees and $5 million of gross receipts. Kors spends $15,000 for qualified structural improvements for access for the disabled. The disabled access credit is

• A) $7,500.
• B) $5,000.
• C) $5,125.
• D) $0.

---

Definitions:

Property Taxes

Taxes levied by local governments on real estate based on the property's assessed value, used to fund public services.

Indirect Materials

Materials used in the production process that cannot be directly linked to specific product units, such as lubricants and cleaning supplies used in machinery.

Total Fixed Costs

The combined sum of all costs that do not change with the level of production or sales over a short period.

Master Budget

The total of all individual budgets within an organization, projecting all major financial activities over a period.