How much of the employer paid adoption costs

Assignment Help Financial Accounting

Reference no: EM13135178

Benjamin and Jennifer are married and have AGI of $85,000 in 2010. They adopted a child during 2010 who does not have special needs while taking advantage of their employer's written adoption assistance program. They spent $15,000 in connection with the adoption, all of which was paid by the employer in accordance with the adoption plan. How much of the employer paid adoption costs must be included in their income?

Reference no: EM13135178

Questions Cloud

Six areas in which police departments found to be defective : Discuss one of the following six areas in which police departments have historically been found to be defective or deficient: constitutional due process, civil rights, use of deadly force and police brutality, abuse of discretion, corruption and poli..

Investment in the equipment financially attractive : To the nearest whole dollar how large would the salvage value of the equipment have to be to make the investment in the equipment financially attractive?

What is the realized gain : The building was originally bought seven years ago for $62000 and has taken $15000 in depreciation, what is the realized gain

How much will you consume each period : Suppose you earn $1 million over your working life and the real interest rate for retirement saving is 50%. How much will you save and how much will you consume in each part of your life?

How much of the employer paid adoption costs : They spent $15,000 in connection with the adoption, all of which was paid by the employer in accordance with the adoption plan. How much of the employer paid adoption costs must be included in their income?

Temperature and density of air for an adiabatic process : Effect of pressure on temperature and density of air for an adiabatic process, The pressure is to be raised from atmospheric to 7 psi (4.83 bar). The process is adiabatic, and the volume is constant and unknown.

Basics of profitability index of the project : Glassett Corporation is considering a project that would require an investment of $62,000. No other cash outflows would be involved. The present value of the cash inflows would be $70,060. The profitability index of the project is closest to:

How much inventory was requisitioned for use on jobs : During the year, the company purchased $274,000 of materials; however it paid for only $264,000. How much inventory was requisitioned for use on jobs during 2010?

What is amount of charitable contribution carry foward : what is the amount of the charitable contribution carry foward for sheila jones?

User Account

All Pages