Janie graduates from high school in 2012 and enrolls in college in the fall. Her parents pay

Question:

Janie graduates from high school in 2012 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 credit they can claim for Janie?
____________________________________________________________________________________________________________________________________________________________
______________________________________________________________________________
b. Assuming Janie's parents have AGI of $75,000, what is the American Opportunity credit they can claim for Janie?________________________________________________
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

Question Posted: