Carla and Bob Finalized an Adoption in 2019

question 11

Multiple Choice

Carla and Bob finalized an adoption in 2019. Their adoption fees totaled $9,500. They have AGI of $220,160 for 2019. What is their adoption credit?

• A)$8,075
• B)$7,263
• C)$9,500
• D)$14,080

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Definitions:

Part Performance

An equitable doctrine that allows a contract, typically not in writing, to be enforced if one party has taken significant steps to perform their part of the agreement.

Interest in Land

Legal rights or investments in real estate that involve ownership or other financial claims on the property.

Verbal Evidence

Evidence presented in the form of words, spoken or written, as opposed to physical evidence or demonstrations, used in legal proceedings.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing in order to be enforceable.