In March 2016, Sparrow Corporation hired three individuals-Austin, Adam, and Angela-all of whom are certified as long-term

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In March 2016, Sparrow Corporation hired three individuals-Austin, Adam, and Angela-all of whom are certified as long-term family assistance recipients. Each of these individuals earned $11,000 during 2016. Only Adam continued to work for Sparrow in 2017, and he earned $13,500 then. In March 2017, Sparrow hired Sam, who also is certified as a long term family assistance recipient. During 2017, Sam earned $12,000.
a. Compute Sparrow Corporation's work opportunity credit for 2016 and 2017.
b. If Sparrow pays total wages to its employees of $325,000 in 2016 and $342,000 in 2017, what is its wage deduction in each of those years?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For  answer-question

South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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