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In 2024, Jose and his spouse adopted a 7 year old child and...

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Question

Accounting

In 2024, Jose and his spouse adopted a 7 year
old child and his 22 year-old special needs
brother. If Joses employer provided $35,000
under its adoption assistance program, what
is the maximum amount of the adoption
assistance they can exclude from income
assuming their combined modified adjusted
gross income does not exceed the applicable
amount:
A. $0
B. $16,810
C. $33,620
D. $35,000

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