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Education Tax Credits (LO 7.5) Janie graduates from high school in 2022 and...

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Accounting

Education Tax Credits (LO 7.5)
Janie graduates from high school in 2022 and enrolls in college in the fall. Her parents (who file a joint return) pay $4,600 for her tuition and fees.
If required, round your computations to the nearest whole value.
a. Assuming Janie's parents have AGI of $172,200, what is the American Opportunity tax credit they can claim for Janie?
$
b. Assuming Janie's parents have AGI of $68,880, what is the American Opportunity tax credit they can claim for Janie?
$
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