Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is finalized in 2021. They pay $7,000 in 2020 and $7,500 in 2021 for qualified adoption expenses. In 2021, Carl and Jenny have AGI of $150,000. If an amount is zero, enter "0". If required, carry any division out to four decimal places and round final answers to the nearest dollar. a. What is the adoption credit Carl and Jenny can claim in 2021? 14,080 X Feedback BILL much suedit sould they claim if th entie mush finalised?
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- Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is finalized in 2022. They pay $8,000 in 2021 and $7,500 in 2022 for qualified adoption expenses. In 2022, Carl and Jenny have AGI of $150,000. If an amount is zero, enter "0". If required, carry any division out to four decimal places and round final answers to the nearest dollar. Question Content Area a. What is the adoption credit Carl and Jenny can claim in 2022? fill in the blank 1 of 1$ Feedback Area Feedback Question Content Area b. How much credit could they claim if the adoption falls through and is never finalized? fill in the blank 1 of 1$ 0 Feedback Area Feedback Correct Question Content Area c. How much credit could they claim if their AGI was $229,410? fill in the blank 1 of 1$ 0Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is finalized in 2020. They pay $7,000 in 2019 and $7,500 in 2020 for qualified adoption expenses. In 2020, Carl and Jenny have AGI of $150,000. If an amount is zero, enter "0". If required, carry any division out to four decimal places and round final answers to the nearest dollar. a. What is the adoption credit Carl and Jenny can claim in 2020?$ b. How much credit could they claim if the adoption falls through and is never finalized?$ c. How much credit could they claim if their AGI was $219,520? $Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and ia finalized in 2022. They pay $8,000 in 2021 and $7,500 in 2022 for qualified adoption expenses. In 2022, Carl and Jenny have AGI of $150,000. If an amount is zero, enter "O". If required, carry any division out to four decimal places and round final answers to the nearest dollar. a. What is the adoption credit Carl and Jenny can claim in 2022? $ b. How much credit could they claim if the adoption falls through and is never finalized? $0 c. How much credit could they claim if their AGI was $229,410? $
- Susan and Derick finalized an adoption in 2020. Their adoption fees totaled $10,000. They have AGI of $238,520 for 2020. What is their adoption credit? a. $4,000 b. $10,000 c. $7,263 d. $14,300Tax Drill - Earned Income Credit Samuel and Annamaria are married, file a joint return, and have three qualifying children. In 2023, they earn wages of $34, 000 and no other income. Round your intermediate computations to two decimal places and your final answer to the nearest dollar. Click here to access the Earned Income Credit and Phaseout Percentages Table. The earned income credit is $fill in the blank 1. Tax Drill - Earned Income Credit Samuel and Annamaria are married, file a joint return, and have three qualifying children. In 2023, they earn wages of $34,000 and no other income. Round your intermediate computations to two decimal places and your final answer to the nearest dollar. Click here to access the Earned Income Credit and Phaseout Percentages Table. The earned income credit is $fill in the blank 1.Tax Drill - Earned Income Credit Samuel and Annamaria are married, file a joint return, and have three qualifying children. In 2022, they earn wages of $34,000 and no other income. Round your intermediate computations to two decimal places and your final answer to the nearest dollar. Click here to access the Earned Income Credit and Phaseout Percentages Table . The earned income credit is $fill in the blank 1
- Exercise 12-16 (LO. 4) Samuel and Annamaria are married, file a joint return, and have three qualifying children. In 2022, they earn wages of $34,000 and no other income. Round your intermediate computations to the nearest dollar. Click here to access the Earned Income Credit and Phaseout Percentages Table. Determine the amount of their earned income credit for 2022. 6,935 XCarl and Jenny adopt a Korean orphan. The adoption takes two years and two trips to Korea and is finalized in 2023. They pay $8,000 in 2022 and $8,500 in 2023 for qualified adoption expenses. In 2023, Carl and Jenny have AGI of $150,000. If an amount is zero, enter "0". If required, carry any division out to four decimal places and round final answers to the nearest dollar. a. What is the adoption credit Carl and Jenny can claim in 2023? b. How much credit could they claim if the adoption falls through and is never finalized? Feedback Check My Work C. How much credit could they claim if their AGI was $251,230?After two and one-half years of working with the orphanage and the government, Jake and Nikki adopted a two-year-old girl from Korea. The adoption process, which became final in January 2022, incurred the following qualified adoption expenses. For how much and in which year can Jake and Nikki take the adoption credit? (Assume no limitation of the credit due to AGI.) Year 2021 $ 6,225 Year 2022 $ 1,150
- John and Joan pay $16,500 of qualified adoption expenses in 2018 to finalize the adoption of a qualified child. Their AGI is $197,000 for 2018. What is their adop tion credit for 2018? a. $0 b. $16,500 c. $13,460 d. $13,810Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is finalized in 2019. They pay $7,000 in 2018 and $7,500 in 2019 for qualified adoption expenses. In 2019, Carl and Jenny have AGI of $150,000. a. what is the adoption credit Carl and Jenny can claim in 2019? b. How much credit could they calaim if the adoption fall through and is never fianlized? c. How much credit could they claim if their AGI was $217,160?Waylon and Jonah adopted a child with special needs in a domestic adoption. They had $10,400 in adoption expenses in 2022, and the adoption was finalized on December 18, 2022. Their MAGI is $101,550. What is the maximum adoption credit they can claim in 2022? $10,400 O$14,890 O $15,400 O $15,950 Mark for follow up