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I am Lyosha [343]
2 years ago
11

Max and nora have modified agi of $75,000, and adopted a little boy from san antonio, texas, in the current year and incurred a

total of $13,000 in qualified adoption expenses. in addition, max's employer provided the couple with adoption benefits of $4,000. what is the maximum amount of adoption credit they can take this year?
Business
1 answer:
miskamm [114]2 years ago
4 0

Answer:$9,000

Explanation:

The tax credit offered to adoptive parents to encourage adoption is reffered to as ADOPTION TAX CREDIT. The adoption tax credit is a nonrefundable tax credit. This means that people owing taxes are also fit or qualified to apply for the adoption tax credit.

In the United States of America, adoption tax credit qualified expenses include court costs, traveling expenses, lawyer's or Attorney's fee and other expenses for legal adoption of an eligible child.

It can be calculated by subtracting

the max's employer provided for the couple with adoption benefits of $4,000 from the incurred expenses of a total of $13,000 in qualified adoption expenses(from the question).

That is; $13,000-$4,000.

= $9,000.

Hence, the maximum amount of adoption credit they can take this year is $9,000.

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A car company would be called a <u>supplier's corporate partner</u> if its collaborated with a sheet metal supplier.

<h2>What is corporate partner?</h2>

A corporate partnership means a beneficial relationship between two separate company for specific purpose.

Here, the car company and sheet metal supplier are corporate partners because they have a specific purpose they serve there selves.

In conclusion, the car company would be called a <u>supplier's corporate partner</u> if its collaborated with a sheet metal supplier.

Read more about corporate partnership

<em>brainly.com/question/14034519</em>

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2 years ago
Pratt, an owner of an appliance store, has a garage sale at his home where he sells old furniture and books. He sells a set of b
ELEN [110]

Answer:

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Explanation:

8 0
3 years ago
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Answer: When you encounter an organization where employees are quite intense, focused, and determined to win, you have encountered an organization with a(n) <u>Mercenary</u> culture.

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3 years ago
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<u>Solution and Explanation:</u>

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Contribution margin = Sales minus Variable cost.

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