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Carry any division out to five decimal places and round

Question - Carl and Jenny adopt a Russian orphan. The adoption takes 2 years and two trips to Russia and is finalized in 2015. They pay $6,000 in 2014 and $7,500 in 2015 of qualified adoption expenses. In 2015, Carl and Jenny have AGI of $150,000.

If an amount is zero, enter "0".

Carry any division out to five decimal places and round final answers to the nearest dollar.

a. What is the adoption credit Carl and Jenny can claim in 2015?

b. How much credit could they claim if the adoption falls through and is never finalized?

c. How much credit could they claim if their AGI was $203,100?

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Accounting Basics: Carry any division out to five decimal places and round

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