In May 2018, 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 2018.
a. Compute Blue Corporation's work opportunity tax credits for 2018.
b. Assume Blue Corporation pays total wages of $500,000 to its employees during 2018. How much may Blue Corporation claim as a wage deduction for 2018 if the work opportunity tax credit is claimed?
Correct Answer:
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