Hurst Corporation wants to provide child care for its employees. Because Hurst does not have a suitable

Question:

Hurst wants to provide child care for its employees. Because Hurst does not have a suitable facility on its premises, it rents a building for the center. The rent for the year totals $60,000. In addition, Hurst hires a qualified director to run the facility and spends an additional $5,000 in training costs for the director. Hurst incurs $20,000 in referral expenditures. What is Hurst Corporation’s child care cost credit?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...