Question

During 2019, Lincoln Company hires 20 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 $16,600 during the year. Determine the amount of Lincoln's work opportunity credit.

Answer 1

$48000

Step-by-step explanation:

because employees work an excess of 600 hours which is more than 400 hour and they are certified, Lincoln company can take the full credit.

first $6,000 at 40% for each worker

= (6,000 X 40 percent) x 20 workers

= 6000 x 0.40 x 20

= 48000

The amount of Lincoln's work opportunity credit is $48000