Employer paid adoption costs


Benjamin and Jennifer are married and have AGI of $85,000 in 2010. They adopted a child during 2010 who does not have special needs while taking advantage of their employer's written adoption assistance program. They spent $15,000 in connection with the adoption, all of which was paid by the employer in accordance with the adoption plan. How much of the employer paid adoption costs must be included in their income?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Employer paid adoption costs
Reference No:- TGS065029

Expected delivery within 24 Hours