Work Opportunity Tax Credit (WOTC)
Response to the following problem:
During 2013, Jay hired two veterans, Dave and Earl. During the one year period prior to their hiring, Dave had been unemployed for eight months, and Earl had been unemployed for two weeks. Neither veteran had a service-related disability, but Earl had been receiving food stamps at the time he was hired. Both workers were paid $12,000 in first year wages, of which $4,600 was paid during 2013. Compute Jay's 2014 WOTC.