In May 2015,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 2015.Camilla and Tyrone continued to work for Blue Corporation in 2016,earning $14,000 each.Blue hired no additional employees during 2016.
a.Compute Blue Corporation's work opportunity tax credits for 2015 and 2016.
b.Assume Blue Corporation pays total wages of $500,000 to its employees during 2015 and $560,000 during 2016.How much may Blue Corporation claim as a wage deduction for 2015 and 2016 if the work opportunity tax credit is claimed in both years?
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a.The work opportunity tax credit for...
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