Which one of the following statements concerning the work opportunity tax credit is not true?
A)The employer's current wage expense must be reduced by the amount of the jobs tax credit elected for the current year.
B)The purpose of the credit is to encourage the hiring of persons from under-hired groups.
C)To qualify, an individual must obtain certification from a designated local agency.
D)The credit is available only for entry level jobs, or those paying less than $12,000 per year.

Question

Quizplus · Accepted Answer

The statement "The credit is available only for entry level jobs, or those paying less than $12,000 per year" is not true. The credit is available for hiring individuals from certain targeted groups, regardless of the level of the job or the salary level.

Which One of the Following Statements Concerning the Work Opportunity