Calculate the amount of green work opportunity

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Question - Green Corporation hires six individuals on January 4, 2021, all of whom qualify for the work opportunity credit. Three of these individuals receive wages of $8,500 during 2021, and each individual works more than 400 hours during the year. The other three individuals work 300 hours and receive wages of $5,000 during the year.

Required -

a. Calculate the amount of Green's work opportunity credit for 2021.

b. If Green pays total wages of $140,000 to its employees during the year, how much of this amount is deductible in 2021 assuming that the work opportunity credit is taken?

Reference no: EM133085620

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