In March 2016,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 2016.Only one of the individuals continued to work for Gray Corporation in 2017,earning $9,000 during the year.No additional workers were hired in 2017.Gray Corporation's work opportunity tax credit amounts for 2016 and 2017 are:

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The work opportunity tax credit is a tax credit for employers who hire individuals from certain targeted groups, including long-term recipients of family assistance benefits. The credit is equal to 40% of the first $6,000 of wages paid to each eligible employee. In 2016, Gray Corporation hired two eligible employees and paid each of them $11,000. Therefore, Gray Corporation's work opportunity tax credit for 2016 is $8,000 (2 x $4,000). In 2017, only one of the eligible employees continued to work for Gray Corporation and earned $9,000. Therefore, Gray Corporation's work opportunity tax credit for 2017 is $4,500 (1 x $4,500).

In March 2016,Gray Corporation Hired Two Individuals,both of Whom Were