Jones Corporation hired a new employee on March 12, 2018. The new employee was a...
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Jones Corporation hired a new employee on March 12, 2018. The new employee was a long-term family assistance recipient and received qualified first-year wages in the amount of $12,000 during 2018. An additional $3,500 of wages was earned between January 1 and March 11, 2019. In 2019, Jones paid this employee $15,000 of wages. Only $11,500 of the wages were attributable to the portion of the calendar year after March 11. What is Jones Corporations allowable Work Opportunity Tax Credit for 2019?
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