Question
Janie graduates from high school in 2018 and enrolls in college in the fall. Her parents...
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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