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LO 9-7 40. Abel and Loni adopted a boy (a U.S. citizen) during the current tax year and incurred a total of $14,675 in qualified
LO 9-7 40. Abel and Loni adopted a boy (a U.S. citizen) during the current tax year and incurred a total of $14,675 in qualified adoption expenses. Abel and Loni have modified AGI of $225,000. What is the amount of adoption credit they can take? a. $6,290. b. $7,280 c. $13,570. d. $14,675
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