John and Joan pay $16,500 of qualified adoption expenses in 2022 to finalize the adoption of a

Question:

John and Joan pay $16,500 of qualified adoption expenses in 2022 to finalize the adoption of a qualified child. Their AGI is $199,000 for 2022. What is their adoption credit for 2022?

a. $0

b. $16,500

c. $14,440

d. $14,890

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Income Tax Fundamentals 2023

ISBN: 9780357719527

41st Edition

Authors: Gerald E. Whittenburg, Steven Gill

Question Posted: