26. Green corporation hires six individuals on January 4, 2011, all of whom qual

Question

26. Green corporation hires six individuals on January 4, 2011, all of whom qualify for the work opportunity credit. Three of these individuals recieve wages of $8500 during 2011, and each individuals works more than 400 hours during the year. The other three individuals each work 300 hours and receive wages of $5000 during the year.

a. calculate the amount of Green's work opportunity credit for 2011.
b. If Green pays total wages of $140,000 to its emploees during the year , how much of this amount is deductible in 2011, assuming that the work opportunity credit is taken?

Explanation / Answer

$8500 during 2011, and each individuals works more than 400 hours

300 hours and receive wages of $5000 during the year

opportunity = (8500/400 - 5000/300 )/3 per year per worker

               = $1.5277 per worker per hour

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