John and Joan pay $16,500 of qualified adoption expenses in 2020 to finalize the adoption of a

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John and Joan pay $16,500 of qualified adoption expenses in 2020 to finalize the adoption of a qualified child. Their AGI is $197,000 for 2020. What is their adoption credit for 2020?
a. $0
b. $16,500
c. $14,080
d. $14,300

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Income Tax Fundamentals 2021

ISBN: 9780357141366

39th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill

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Question Posted: Sep 28, 2023 03:07 AM

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John and Joan pay $16,500 of qualified adoption expenses in 2020 to finalize the adoption of a

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Income Tax Fundamentals 2021

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