Unemployed Individuals can increase their attractiveness to prospective employers by knowing about  certain tax breaks that employers can secure by hiring them. One group , National Tax Credit Group, LLC, is promoting this advantage by creating a “Tax Credit Card” which they issue to prospective employees after screening them for hiring credit eligibility. This article presents information on how employees can highlight the applicable hiring credit on their resume, as well as work the issue into an interview to improve their chances of being hired.

Questions:

1.  According to the article, which states have the most attractive state-level tax credits for hiring qualified employees?

2. What is the range of tax credits per employee hired?

3.  From a financial accounting standpoint, which journal entries will be impacted by the tax credits? Explain.

Source:

Christian, Blake. (2010). “Unemployed can use tax laws to secure a job,” Education and Careers: Accounting WEB, May 21 (Retrievable online at http://www.accountingweb.com/topic/education-careers/unemployed-can-use-tax-laws-secure-job)