Employee Retention Credit Qualification

What is the maximum number of employees a business can have to qualify for the Employee Retention Credit?
100
500
50
1000
2. Which of the following expenses are eligible for the Employee Retention Credit?
Wages
Rent
Advertising costs
Employee benefits
Travel expenses
True or False: Non-profit organizations are eligible for the Employee Retention Credit.
True
False
What is the maximum amount of credit that can be claimed per employee for each quarter in 2021?
$5,000
$10,000
$2,500
$15,000
Which of the following businesses are NOT eligible for the Employee Retention Credit?
Government entities
Restaurants
Retail stores
Construction companies
Healthcare providers
True or False: Self-employed individuals can claim the Employee Retention Credit.
True
False
What is the minimum revenue decline required to qualify for the Employee Retention Credit in 2021?
20%
30%
10%
40%
8. Which of the following tax credits can be claimed in addition to the Employee Retention Credit?
Research and Development Credit
Work Opportunity Tax Credit
Child Tax Credit
Earned Income Tax Credit
Foreign Tax Credit
True or False: Employers who received a Paycheck Protection Program (PPP) loan are eligible for the Employee Retention Credit.
True
False
How long can a business claim the Employee Retention Credit for each eligible employee?
Until the end of 2021
Until the end of 2022
Until the end of 2023
Indefinitely
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