Cryptocurrency Q&A
How much is the ERC credit?
How much is the ERC credit?
KimchiQueenCharm
Fri Nov 08 2024
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6 answers
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I am inquiring about the amount of the ERC credit. I want to know how much this credit is worth or the specific value assigned to it.
6 answers
BlockchainEmpiress
Sun Nov 10 2024
Credits for the year 2021 are being calculated.
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BlockchainMastermind
Sun Nov 10 2024
The ERC, or Employee Retention Credit, is applicable only to the first three financial quarters of the year 2021.
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VoyagerSoul
Sat Nov 09 2024
For each of these quarters, the eligible wages are calculated at a rate of 70%.
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Emanuele
Sat Nov 09 2024
This means that the credit amount for each employee is capped at a maximum of $7,000 per quarter.
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Daniele
Sat Nov 09 2024
It is important to note that the credit is not available for the fourth quarter of 2021.
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