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astra-53 [7]
3 years ago
12

The Smith family adopted a child. The adoption procedure took about three months, and the family incurred various expenses. Will

the Smiths receive any financial benefit for the taxable year?
A they will not receive any financial benefit for adopting the child
B their income tax component will decrease
C they will receive childcare grants
D they will receive a tax credit for the cost borne for adopting the child
E they will receive several tax deductions
Business
2 answers:
Levart [38]3 years ago
6 0
<span>D they will receive a tax credit for the cost borne for adopting the child
or C they will recieve childcare grants
i hope this helps</span>
kodGreya [7K]3 years ago
3 0

Answer:

E. They will receive several tax deductions

Explanation:

Certain "reasonable and necessary" adoption related expenses are quantifiable for tax deductions, such as:

  • Court costs
  • Attorney's fees
  • Traveling expenses related to the adoption
  • Certain other costs directly related to the adoption process

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vampirchik [111]
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m_a_m_a [10]
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Many U.S. firms prefer to sell in Canada, England, and Australia-rather than in larger markets such as Germany and France-becaus
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Answer: psychic proximity

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3 0
3 years ago
The service division of Raney Industries reported the following results for 2020. Sales Variable costs Controllable fixed costs
Blizzard [7]

Answer:

Controllable margin =$125,000

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Explanation:

<em>Controllable margin is the difference between the sales revenue and the controllable cost. Controllable costs include variable and fixed cost directly under the control of the manager and which are influenced by his decisions.</em>

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Controllable margin =$125,000

Return on investment = (controllable margin/ Average investment) × 100

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3 years ago
During adolescence, young people develop the ability to:
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Answer:

all of the above is the correct option

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hope this helps you (﹡ˆ﹀ˆ﹡)♡

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