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Can you help me with this review problem? Janie graduates from high school in 2022 and enrolls in college in the fall. Her parents (who
Can you help me with this review problem?
Janie graduates from high school in 2022 and enrolls in college in the fall. Her parents (who file a joint return) pay $5,475 for her tuition and fees. If required, round your computations to the nearest whole value. a. Assuming Janie's parents have AGI of $162,000, what is the American Opportunity tax credit they can claim for Janie? $ b. Assuming Janie's parents have AGI of $64,800, what is the American Opportunity tax credit they can claim for Janie? $Step by Step Solution
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