Janie graduates from high school in 2018 and enrolls in college in the fall. Her parents (who file a joint return) pay $14,725 for her tuition and fees.
If required, round your computations to the nearest whole value.
a. Assuming Janie's parents have AGI of
$177,800, what is the American Opportunity tax credit they can
claim for Janie?
$
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b. Assuming Janie's parents have AGI of
$71,120, what is the American Opportunity tax credit they can claim
for Janie?
$
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