Calculate the amount of Green work opportunity credit

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Problem - Green Corporation hires six individuals on January 4, 2019, all of whom qualify for the work opportunity credit. Three of these individuals receive wages of $8,500 during 2019, and each individual works more than 400 hours during the year. The other three individuals each work 300 hours and receive wages of $5,000 during the year.

Required -

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

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

Reference no: EM132669603

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