Carla and Bob Finalized an Adoption in 2014

question 70

Multiple Choice

Carla and Bob finalized an adoption in 2014. Their adoption fees totaled $9,500. They have AGI of $207,000 for 2014. What is their adoption credit?

• A)$6,550
• B)$7,025
• C)$7,334
• D)$9,500

---

Definitions:

Economic Profit

The separation between a company's complete financial intake and its aggregate financial obligations, incorporating both definite and subtle costs.

Marginal Cost

The cost associated with the production of an additional unit of a product or service.

Maximizing Profit

The process of adjusting inputs and outputs to achieve the highest possible return from business activities.

Identical Firms

Companies in a market that offer products or services that are exactly the same in terms of quality, performance, and price.