Multiple Choice
In 2016, Juan and Juanita incur $9,800 in legal and adoption fees directly related to the adoption of an infant son born in a nearby state. Over the next year, they incur another $4,500 of adoption expenses. The adoption becomes final in 2017. Which of the following choices properly reflects the amounts and years in which the adoption expenses credit is available.2016 2017
A) $9,800 $ 4,500
B) None $13,570
C) None $14,300
D) $9,800 $ 3,770
Correct Answer:

Verified
Correct Answer:
Verified
Q9: Qualifying tuition expenses paid from the proceeds
Q20: Unused foreign tax credits can be carried
Q31: Nonrefundable credits are those that reduce the
Q40: Kevin and Sue have two children, ages
Q66: For purposes of computing the credit for
Q78: Cardinal Company incurs $800,000 during the year
Q86: If a taxpayer chooses to claim a
Q88: Julia is 30 years old, unmarried with
Q89: Which of the following best describes the
Q91: Golden Corporation is an eligible small business