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Green Corporation hires six individuals on January 4, 2013, all of whom qualify for the work opportunity credit. Three of these individuals receive wages of $ 8,500 dur-ing 2013, and each individual works more than 400 hours during the year. The other three individuals each work 300 hours and receive wages of $ 5,000 during the year.
a. Calculate the amount of Greens work opportunity credit for 2013.
b. If Green pays total wages of $ 140,000 to its employees during the year, how much of this amount is deductible in 2013, assuming that the work opportunity credit is taken?
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20112010nbspnbspsales511000413000nbspnbspcost of goods sold330000268000nbspnbspgross
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