In March 2014,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 2014.Only one of the individuals continued to work for Gray Corporation in 2015,earning $9,000 during the year.No additional workers were hired in 2015.Gray Corporation's work opportunity tax credit amounts for 2014 and 2015 are:

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The maximum work opportunity tax credit in this case is 40% of the first $10,000 of qualified wages per employee paid in the first year of employment,plus 50% of the first $10,000 of qualified wages per employee paid in the second year of employment.Therefore,the 2014 credit amount is $8,000 (40% × $10,000 wages × 2 employees),while the 2015 credit amount is $4,500 (50% × $9,000 wages × 1 employee).

In March 2014,Gray Corporation Hired Two Individuals,both of Whom Were