Which of the Following Statements Regarding the Adoption Expenses Credit

question 67

Multiple Choice

Which of the following statements regarding the adoption expenses credit is not true?

• A) The adoption expenses credit is a nonrefundable credit.
• B) The adoption expenses credit starts to be phased out in 2014 beginning when a taxpayer's modified AGI exceeds $197,880.
• C) No adoption expenses credit is a available in 2014 if a taxpayer's modified AGI exceeds $237,880.
• D) The adoption expenses credit is limited to no more than $13,000 per eligible child in 2014.
• E) All of the above statements are true.

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Definitions:

Flexor Digitorum Longus

A muscle in the lower leg that flexes the toes and helps in walking.

Tibialis Anterior

A muscle in the lower leg that is involved in dorsiflexion and inversion of the foot.

Fibularis Brevis

A muscle located on the lateral part of the lower leg, involved in plantar flexion and eversion of the foot.

Extensor Digitorum Longus

A muscle in the leg that helps in extending the toes and dorsiflexing the foot.