Which of the Following Statements Regarding the Adoption Expenses Credit

question 24

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 20176 beginning when a taxpayer's modified AGI exceeds $203,540.
• C)No adoption expenses credit is a available in 2017 if a taxpayer's modified AGI exceeds $243,540
• D)The adoption expenses credit is limited to no more than $14,000 per eligible child in 2017.
• E)All of the above statements are true.

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Definitions:

Chordates

A large phylum of animals that, at some stage in their development, possess a notochord, a hollow dorsal nerve cord, and pharyngeal slits, including vertebrates like fishes, amphibians, reptiles, birds, and mammals.

Amphibian Heart

A three-chambered heart found in amphibians that consists of two atria and one ventricle, partially separating oxygenated and deoxygenated blood.

Oxygen-Rich

Referring to environments or substances with a high concentration of oxygen, such as certain atmospheric layers or oxygenated blood.