In March 2015,Gray Corporation hired two individuals,both of whom were certified as long-term recipients of family assistance benefits.Each employee was paid $11,000 during 2015.Only one of the individuals continued to work for Gray Corporation in 2016,earning $9,000 during the year.No additional workers were hired in 2016.Gray Corporation's work opportunity tax credit amounts for 2015 and 2016 are:
A) $4,000 in 2015,$4,000 in 2016.
B) $8,000 in 2015,$4,500 in 2016.
C) $8,000 in 2015,$5,000 in 2016.
D) $8,000 in 2015,$9,000 in 2016.
E) None of the above.
Correct Answer:
Verified
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