Problem $7-19($Algorithmic$)$

Education Tax Credits $($LO $7\mathrm{.}5)$

Janie graduates from high school in $2022$ and enrolls in college in the fall. Her parents $($who file a joint return$)$ pay $$9,475$ for her tuition and fees.

If required, round your computations to the nearest whole value.

a$.$ Assuming Janie's parents have AGI of $$175,600,$ what is the American Opportunity tax credit they can claim for Janie?

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b$.$ Assuming Janie's parents have AGI of $$70,240,$ what is the American Opportunity tax credit they can claim for Janie?

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