In May 2013,Blue Corporation hired Camilla,Jolene,and Tyrone,all of whom are certified as long-term family assistance recipients.Each employee is paid $12,000 during 2013.Camilla and Tyrone continued to work for Blue Corporation in 2014,earning $14,000 each.Blue hired no additional employees during 2014.
a. Compute Blue Corporation's work opportunity tax credits for 2013 and 2014.

b. Assum Blue Corporation pays total wages of $500,000 to its employees chuing 2013 and $560,000 chuing 2014. How much may Blus Cormoration claim as a wage deduction for 2013 and 2014 if the work opportunity tax credit is claimed in both years?

Question

In May 2013,Blue Corporation hired Camilla,Jolene,and Tyrone,all of whom are certified as long-term family assistance recipients.Each employee is paid $12,000 during 2013.Camilla and Tyrone continued to work for Blue Corporation in 2014,earning $14,000 each.Blue hired no additional employees during 2014.
 a. Compute Blue Corporation's work opportunity tax credits for 2013 and 2014.

b. Assum Blue Corporation pays total wages of $500,000 to its employees chuing 2013 and $560,000 chuing 2014. How much may Blus Cormoration claim as a wage deduction for 2013 and 2014 if the work opportunity tax credit is claimed in both years?

Quizplus · Accepted Answer

The Answer of In May 2013,Blue Corporation hired Camilla,Jolene,and Tyrone,all of whom are certified as long-term family assistance recipients.Each employee is paid $12,000 during 2013.Camilla and Tyrone continued to work for Blue Corporation in 2014,earning $14,000 each.Blue hired no additional employees during 2014.
 a. Compute Blue Corporation's work opportunity tax credits for 2013 and 2014.

b. Assum Blue Corporation pays total wages of $500,000 to its employees chuing 2013 and $560,000 chuing 2014. How much may Blus Cormoration claim as a wage deduction for 2013 and 2014 if the work opportunity tax credit is claimed in both years?

In May 2013,Blue Corporation Hired Camilla,Jolene,and Tyrone,all of Whom Are