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Problem 12-25 (LO. 3) Green Corporation hires six individuals on January 4, 2017, all of whom qualify for the work opportunity credit. Three of these
Problem 12-25 (LO. 3) Green Corporation hires six individuals on January 4, 2017, all of whom qualify for the work opportunity credit. Three of these individuals receive wages of $8,500 during 2017, 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. Enter the amount of Green's work opportunity tax credit: b. If Green pays total wages of $140,000 to its employees during the year, how much of this amount can Green deduct, assuming that the work opportunity credit is taken
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