Which of the Following Statements Regarding the Adoption Expenses Credit

question 58

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 2018 beginning when a taxpayer's modified AGI exceeds $207,140.
• C) No adoption expenses credit is a available in 2018 if a taxpayer's modified AGI exceeds $247,140
• D) The adoption expenses credit is limited to no more than $14,000 per eligible child in 2018.
• E) All of the above statements are true.

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Definitions:

Psychological Consequences

The effects or outcomes on an individual's mental and emotional state due to certain events or conditions.

Behavioural

Related to the actions or reactions of individuals or groups in response to external or internal stimuli.

Physiological

Relating to the functions of living organisms and their parts.

Stress Episode

A single or series of stressful events that disrupt an individual's emotional equilibrium and may lead to a physical or psychological response.