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On January 1, 2019, your company hired 8 full-time workers at $45,000 annual salaries (each). These workers qualify for the maximum 40% Work Opportunity Tax
On January 1, 2019, your company hired 8 full-time workers at $45,000 annual salaries (each). These workers qualify for the maximum 40% Work Opportunity Tax Credit. Given this information, and the knowledge that your company will want to claim the WOTC credit, please indicate the total tax deduction your company will claim for the salaries paid to these workers in 2019?
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