Jesus and Mindy Have Modified AGI of $210,000, Adopted a Girl

question 128

Multiple Choice

Jesus and Mindy have modified AGI of $210,000, adopted a girl from Miami, Florida, and incurred a total of $18,000 in qualified adoption expenses. What is the amount of adoption credit they can claim in the current year? (Do not round interim calculations)

• A) $3,012.
• B) $10,388.
• C) $13,400.
• D)$18,000.

---

Definitions:

Platitudes

Often overused statements or remarks that are intended to convey moral or practical truths, but are perceived as lacking in originality or sincerity.

Pareto Efficient Allocation

An economic state where resources are allocated in such a way that it is impossible to make one individual better off without making at least one individual worse off.

Strictly Convex Preferences

Preferences that demonstrate a consumer's increasing marginal rate of substitution, indicating a strong preference for diversified bundles of goods over homogeneous bundles.

Indifference Curves

Graphs representing different bundles of goods between which a consumer is indifferent, showing the combinations of goods that provide the same level of utility to the consumer.