Question

During 2023, lincoln company hires 11 individuals who are certified to be members of a qualifying targeted group. each employee works in excess of 600 hours and is paid wages of $12,100 during the year. determine the amount of lincoln's work opportunity credit.

a. $111,100
b. $133,100
c. $121,100
d. None of th above

Answer 1

The amount of Lincoln's Work Opportunity Credit is b. $133,100.

Step-by-step explanation:

To determine the amount of Lincoln's Work Opportunity Credit, we need to calculate the total wages paid to individuals who are certified members of a qualifying targeted group and have worked in excess of 600 hours during 2023. In this case, Lincoln hired 11 such individuals, and each earned $12,100.

Therefore, the total wages paid would be $12,100 multiplied by 11, which equals $133,100. So, the amount of Lincoln's Work Opportunity Credit is $133,100.