The Calculation for the Credit for the Elderly or Disabled

question 131

Essay

The calculation for the credit for the elderly or disabled requires that the appropriate base amount be adjusted by two items.What are those two items and how is the base amount adjusted?

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Definitions:

Furloughing

A situation in which an organization asks or requires employees to take time off for either no pay or reduced pay.

Employee Leasing

An arrangement where businesses contract with a third-party organization to manage and provide their workforce, transferring many of the employer's responsibilities and liabilities.

Outsourcing

The practice of hiring external firms or individuals to perform tasks, handle operations or provide services that are either difficult to manage or are outside the company's core competencies.