Janie graduates from high school in 2016 and enrolls in college in the fall. Her parents pay

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Janie graduates from high school in 2016 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?
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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Income Tax Fundamentals 2017

ISBN: 9781305872738

35th Edition

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

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