Black Company paid wages of $360,000, of which $80,000 was qualified wages for the work opportunity tax credit under the general rules.Black Company's deduction for wages for the year is:

Question

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The deduction for wages is calculated as total wages paid minus qualified wages for work opportunity tax credit. Therefore, Black Company's deduction for wages is $360,000 - $80,000 = $280,000.

Black Company Paid Wages of $360,000, of Which $80,000 Was