question archive Green Corporation hires six individuals on January 4, 2020, all of whom qualify for the work opportunity credit

Green Corporation hires six individuals on January 4, 2020, all of whom qualify for the work opportunity credit

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Green Corporation hires six individuals on January 4, 2020, all of whom qualify for the work opportunity credit. Three of these individuals receive wages of $8,500 during 2020, 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 Green's work opportunity 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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