In late 2016, Randy and Rachel Erwin paid $7,625 in legal fees, adoption fees, and other expenses directly related to the adoption of an infant son, Jameson. The adoption becomes final in 2017, and the Erwins then pay an additional $8,769 in adoption fees. Their 2017 AGI amounts to $196,550.
a. Randy and Rachel are eligible for a $_________ adoption credit in 2017.
b. If the Erwins' 2017 AGI is $223,600, adoption tax credit is $_________. (Round any division to three decimal places and round your final answer to the nearest dollar.)
In late 2016, Randy and Rachel Erwin paid $7,625 in legal fees, adoption fees, and other expenses directly related to the adoption of an infant son, Jameson. The adoption becomes final in 2017, and th...
In late 2016, Randy and Rachel Erwin paid $8,300 in legal fees, adoption fees, and other expenses directly related to the adoption of an infant son, Jameson. The adoption becomes final in 2017, and the Erwins then pay an additional $9,545 in adoption fees. Their 2017 AGI amounts to $190,895. a. Randy and Rachel are eligible for a $ 13,570 adoption credit in 2017. b. If the Erwins' 2017 AGI is $222,200, adoption tax credit is $ . (Round any...
Having Problems finding b In late 2016, Randy and Rachel Erwin paid $7,700 in legal fees, adoption fees, and other expenses directly related to the adoption of an infant son, Jameson. The adoption becomes final in 2017, and the Erwins then pay an additional $8,855 in adoption fees. Their 2017 AGI amounts to $192,780. a. Randy and Rachel are eligible for a $ 13,570 adoption credit in 2017. 6,215 X. (Round any division to three decimal places and round b....
need help with b please In late 2016, Randy and Rachel Erwin paid $7,700 in legal fees, adoption fees, and other expenses directly related to the adoption of an infant son, Jameson. The adoption becomes final in 2017, and the Erwins then pay an additional $8,855 in adoption fees. Their 2017 AGI amounts to $192,780. a. Randy and Rachel are eligible for a $ 13,570 adoption credit in 2017. 6,215 X. (Round any division to three decimal places and round...
Exercise 12-15 (Algorithmic) (LO. 4) In late 2016, Randy and Rachel Erwin paid $8,300 in legal fees, adoption fees, and other expenses directly related to the adoption of an infant son, Jameson. The adoption becomes final in 2017, and the Erwins then pay an additional $9,545 in adoption fees. Their 2017 AGI amounts to $190,895. a. Randy and Rachel are eligible for a $ adoption credit in 2017. b. If the Erwins' 2017 AGI is $222,200, adoption tax credit is...
Exercise 12-15 (Algorithmic) (LO. 4) In late 2017, Randy and Rachel Erwin paid $7,700 in legal fees, adoption fees, and other expenses directly related to the adoption of an infant son, Jameson. The adoption becomes final in 2018, and the Erwins then pay an additional $8,855in adoption fees. Their 2018 AGI amounts to $196,550. a. Randy and Rachel are eligible for a $ 13,810 adoption credit in 2018. b. Assume the same facts but the taxpayer's AGI for 2018 is...