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Problem 7-19(Algorithmic) Education Tax Credits (LO 7.5) Janie graduates from...

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Accounting

Problem 7-19(Algorithmic)
Education Tax Credits (LO 7.5)
Janie graduates from high school in 2023 and enrolls in college in the fall. Her parents (who file a joint return) pay $10,225 for her tuition and fees.
If required, round your computations to the nearest whole value.
Question Content Area
a. Assuming Janie's parents have AGI of $172,600, what is the American Opportunity tax credit they can claim for Janie?
fill in the blank 1 of 1$
Question Content Area
b. Assuming Janie's parents have AGI of $69,040, what is the American Opportunity tax credit they can claim for Janie?
fill in the blank 1 of 1$

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