In late 2015, Randy and Rachel Erwin paid $7,000 in legal fees, adoption fees, and other expenses
Question:
a. Determine the amount of the Erwins' adoption tax credit in 2016.
b. Instead, assume that the Erwins' 2016 AGI is $210,000. Determine the amount of the Erwins' adoption tax credit in 2016.
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a Randy and Rachel are eligible for a 13460 credit in 2...View the full answer
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Related Book For 
South Western Federal Taxation Individual Income Taxes 2017
ISBN: 9781305873988
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
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