John and Joan pay $16,500 of qualified adoption expenses in 2018 to finalize the adoption of a qualified child. Their AGI is $197,000 for 2018. What is their adop tion credit for 2018? a. $0 b. $16,500 c. $13,460 d. $13,810
John and Joan pay $16,500 of qualified adoption expenses in 2018 to finalize the adoption of a qualified child. Their AGI is $197,000 for 2018. What is their adop tion credit for 2018? a. $0 b. $16,500 c. $13,460 d. $13,810
Chapter7: Tax Credits
Section: Chapter Questions
Problem 12MCQ
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Question
John and Joan pay $16,500 of qualified adoption expenses in 2018 to finalize the adoption of a qualified child. Their AGI is $197,000 for 2018. What is their adop tion credit for 2018?
a. $0
b. $16,500
c. $13,460
d. $13,810
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT