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Author Question: Lee and Whitney incurred qualified adoption expenses in 2015 of $2,000, and then incurred $7,000 ... (Read 34 times)

khang

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  • Posts: 569
on: Sep 13, 2020

Question 1

Layla earned $20,000 of general business credits from her sole proprietorship. Her regular tax liability is $45,000, and her tentative minimum tax is $49,000. During the current year Layla will apply general business credits of
◦ $0.
◦ $4,000.
◦ $20,000.
◦ $45,000.

Question 2

Lee and Whitney incurred qualified adoption expenses in 2015 of $2,000, and then incurred $7,000 more in 2016 when the adoption of their child became final. Their 2015 AGI was $120,000 and their 2016 AGI was $140,000. The allowable adoption credit is
◦ $ 7,000 in 2016.
◦ $ 9,000 in 2016.
◦ $13,460 in 2015.
◦ $2,000 in 2015 and $7,000 in 2016.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by khang on Sep 13, 2020

Ashley I

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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khang

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

yeungji

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Reply 3 on: Yesterday
Gracias!

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