Janie graduates from high school in 2019 and enrolls in college in the fall. Her parents pay

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Janie graduates from high school in 2019 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 2020

ISBN: 9780357108239

38th Edition

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

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Question Posted: Aug 24, 2020 09:02 AM

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Janie graduates from high school in 2019 and enrolls in college in the fall. Her parents pay

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Income Tax Fundamentals 2020

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