Work Opportunity Tax Credit (WOTC). (Obj. 3) In August of 2021, Arthur Co. hired Jan, who is a long-term family assistance program recipient. Jan's qualified first-year and second-year wages were $9,000 and $11,500, respectively Of her $9,000 of rst-year wages, $3,200 were paid in 2021, and $5,800 in 2022. Of the $11,500 of second-year wages, $4,400 were paid in 2022 and $7,100 were paid in 2023. Compute Arthur's 2021, 2022 and 2023 WOTC

The Work Opportunity Tax Credit $($WOTC$)$ is available up to $40\%$ of what first amount of wages to appropriate targeted employees?

Answer rating: 100% (QA)

The Work Opportunity Tax Credit WOTC is a tax credit available to employers who hire qualified indiv... View the full answer