Qualified Research and Experimentation Expenditures Are Not Only Eligible for the 20

question 13

True/False

Qualified research and experimentation expenditures are not only eligible for the 20% tax credit but also can be expensed in the year incurred.

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Definitions:

Preterm Birth

The birth of a baby before 37 weeks of gestation is completed.

Medical Resources

Assets such as information, medications, medical staff, and equipment available for diagnosing, treating, and preventing disease.

Neonatal Behavioral Assessment Scale

A tool used to assess the neurological development, reflexes, and behaviors of newborns to identify potential developmental issues.

Apgar Scale

A quick overall assessment of a baby’s immediate health at birth, including appearance, pulse, grimace, activity, and respiration.