Question

Janie graduates from high school in 2014 and enrolls in college in the fall. Her parents pay $4,000 for her tuition and fees.
a. Assuming Janie’s parents have AGI of $170,000, what is the American Opportunity tax credit they can claim for Janie?
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b. Assuming Janie’s parents have AGI of $75,000, what is the American Opportunity tax credit they can claim for Janie?
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  • CreatedJuly 16, 2015
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