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Employees at the Hobby Hut requested that the company provide assistance in locating professional- quality child care services during business hours. The Hut, a C cor-poration, contracts with the local Kiddie Kare agency to provide Hut employees with in-formation about child care providers location, pricing, customer ratings, and operating hours. This year, the Hut paid $ 15,000 under this contract, which includes a flat fee for a guaranteed number of employee contacts and a per- service charge after that. Compute the Hobby Huts credit for employer- provided child care for the tax year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9959319

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