What does WOTC stand for?

What does WOTC stand for?

• A. Work Opportunity Tax Credit
• B. Work Opportunity Training Credit
• C. Work Order Tax Credit
• D. Work Opportunity Tax Certification

Answer: (A)

Work Opportunity Tax Credit. This federal tax credit is designed to encourage employers to hire individuals from certain groups that face barriers to employment, by reducing the employer’s tax liability based on wages paid to eligible employees. The other phrases describe different concepts (training, orders, or certification) and do not reflect the actual name of this program.

Work Opportunity Tax Credit. This federal tax credit is designed to encourage employers to hire individuals from certain groups that face barriers to employment, by reducing the employer’s tax liability based on wages paid to eligible employees. The other phrases describe different concepts (training, orders, or certification) and do not reflect the actual name of this program.