Evan and Barbara Incurred Qualified Adoption Expenses in 2014 of $6,000,and

question 76

Multiple Choice

Evan and Barbara incurred qualified adoption expenses in 2014 of $6,000,and then incurred $9,000 more in 2015 when the adoption of their child became final.Their 2014 AGI was $110,000 and their 2015 AGI was $100,000.The allowable adoption credit is

• A)$13,400 in 2015.
• B)$15,000 in 2015.
• C)$6,000 in 2014 and $7,400 in 2015.
• D)$6,000 in 2014 and $9,000 in 20154.

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Definitions:

Barriers to Entry

Economic, procedural, or regulatory obstacles that prevent or hinder new competitors from easily entering an industry or market segment.

Market Obstructions

Factors or barriers that hinder the free flow of goods, services, and information in a market, potentially limiting competition or consumer choice.

Switching Costs

The expenses or inconveniences that customers incur as a result of changing from one product, service, supplier, or system to another.

Import-Export Firewalls

Security systems that monitor and control incoming and outgoing network traffic based on predetermined security rules, especially between different trust levels or network zones.