What is the amount of the adoption credit

Reference no: EM132665489

Problem 1: Judi and May adopted a child in 2019. Their adoption expenses include $3,500 of court fees, $6,880 of traveling fees, and $3,250 of attorney fees. The child is not a special needs child. They also received a $2,250 reimbursement from their employer for adopting the child. Their modified AGI is $200,500. What is the amount of their adoption credit in 2019?

Select one:

a. $11,380

b. $14,080

c. $11,830

d. $13,630

Problem 2: Junie Jones, a tax preparer, explains to Scott that the foreign income taxes he paid may be claimed in which of following ways on his 2019 tax return?

Select one:

a. Both on Schedule 3 (Form 1040), line 1 and on Schedule A as "Other taxes" if he itemizes deductions

b. Only reported on Schedule 3 (Form 1040), line 1

c. Either on Schedule 3 (Form 1040), line 1 or on Schedule A as "Other taxes" if he itemizes deductions

d. Only reported on Schedule A as "Other taxes" if he can itemize deductions

Reference no: EM132665489

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