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Education Tax Credits (LO 7.5) Janie graduates from high school in 2019 and enrolls in college in the fall. Her parents (who file a joint return) pay $12,225 for her tuition and fees. If required, round your computations to the nearest whole value. a. Assuming Janie's parents have AGI of $167,200, what is the American Opportunity tax credit they can claim for Janie? The Affordable Care Act (LO 7.4) Susan and Stan Collins live in Iowa, are married and have two children ages 6 and 10. In 2019, Susan's income is $41,214 and Stan's is $12,000 and both are self-employed. They also have $500 in interest income from tax exempt bonds. The Collins enrolled in health insurance for all of 2019 through their state exchange and elected to have the credit paid in advance. The 2019 Form 1095-A that the Collins received from the exchange lists the following information: $9,800 Annual premiums Annual premium for the designated silver plan in the state Total advance payment of the premium tax credit $10,800 $9,200 The Federal Poverty Line for a family of four is $25,100. Table for Repayment of the Credit Amount Single Taxpayers Other Than Single 5600 Less than 200% $300 800 At least 200% but less than 300% At least 300% but less than 400% 1,600 2,650 1,325 At least 400% No limit No limit Click here to access the 2019 Applicable Figure Table to use for this problem. Calculate the excess advance premium tax credit and the repayment amount for 2019. Round any division to two decimal places before converting to a percent. Excess advance premium tax credit Repayment amount