William and Wilma paid $5,000 of qualified adoption expenses in 2021. They also received $2,000 of adoption assistance benefits from Wilma's employer in 2021. Their daughter's adoption became final on July 1, 2021. What is the amount they will claim for the Adoption Credit on Form 8839, line 16? $0 $2,000 $3,000 $5,000
William and Wilma paid $5,000 of qualified adoption expenses in 2021. They also received $2,000 of adoption assistance benefits from Wilma's employer in 2021. Their daughter's adoption became final on July 1, 2021. What is the amount they will claim for the Adoption Credit on Form 8839, line 16? $0 $2,000 $3,000 $5,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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William and Wilma paid $5,000 of qualified adoption expenses in 2021. They also received $2,000 of adoption assistance benefits from Wilma's employer in 2021. Their daughter's adoption became final on July 1, 2021. What is the amount they will claim for the Adoption Credit on Form 8839, line 16?
$0
$2,000
$3,000
$5,000
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