An employer hires an individual who meets the qualifications for the Homeless Hiring Tax Credit (HHTC). The employer obtains an HHTC certificate for the eligible employee from a certifying organization, pays the employee wages equal to or greater than 120% of their California minimum wage, and makes a tentative credit reservation within 30 days of completing the New Hire reporting requirement with the Employment Development Department. If the eligible employee works 1,200 hours during the taxable year the employer is eligible to claim the HHTC for what amount? 

A. $2,500 

B. $5,000 

C. $7,500 

D. $10,000