Question: Need the answer for this problem. Please show work so I can answer similar problems going forward. Thank you! Problem 6-20 (Algorithmic) Education Tax Credits

Need the answer for this problem. Please show work so I can answer similar problems going forward. Thank you!

Problem 6-20 (Algorithmic) Education Tax Credits (LO 6.5) Janie graduates from high school in 2016 and enrolls in college in the fall. Her parents (who file a joint return) pay $8,975 for her tuition and fees. If required, round your computations to the nearest whole value. a. Assuming Janie's parents have AGI of $173,600, what is the American opportunity tax credit they can claim for Janie? b. Assuming Janie's parents have AGI of $69,440, what is the American opportunity tax credit they can claim for Janie

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