Adoption Expenses (LO 7.7) Carl and Jenny adopt a Korean orphan. The odoption tokes 2 years and two trips to Korea and is firialised in 2022 . They par 58,000 in 2021 and 57,500 in 2022 for qualifed adoption expenses. In 2022, Carl and Jenny have AGl of $150,000. If an amount is zero, enter " 0 ". If required, carry any division out to four decimal places and round final answers to the nearest dolfar. a. What is the adoption credit Corl and Jenny can claim in 20227 x Taxpayers are allowed two tax breaks for adoption expenses. A tax credit is allowed for qualified adoption expenses paid by taxpayers, and an exiciusion from W2 income is allowed for qualfied adoption expenses paid by taxpyers' employers: Form 8039 is used to calculate and report the adoption credit. There is a limitation on the total expense that can be taken as a credit with respect te an acoption of a child. The credit is the total amount for each adoption and is not in annual amount. The amount of the credic allowable for any tax year is reduced for taxpayers with AGt over $216,660 and is fully phased out when ACl reaches $2.53,410. b. How much credit could they daim if the bdoption falls through and is never finalied? The amount of the credit aliowable for any tax year is reduced for taxpavers with AGl over $216,660 and is fully phased out when AGt reaches $263,410. b. How much credit couid they claim if the odoption faits through and is never finalized? incorect c. How much credit could ther claim if their AGI was $229,410 ? Futhad Toleck Mr Won incorrect reshes Driectirition incorined