Employee Retention Credit Qualification

What is the maximum number of employees a business can have to qualify for the Employee Retention Credit?

100

500

1000

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?

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?

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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