Question
Education Tax Credits (LO 7.5) Janie graduates from high school in 2018 and enrolls in college in the fall. Her parents (who file a joint
Education Tax Credits (LO 7.5)
Janie graduates from high school in 2018 and enrolls in college in the fall. Her parents (who file a joint return) pay $13,225 for her tuition and fees.
If required, round your computations to the nearest whole value.
a. Assuming Janie's parents have AGI of $162,400, what is the American Opportunity tax credit they can claim for Janie? $ ___________
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Introduction To Accounting And Finance
Authors: Geoff Black
2nd Edition
0273711628, 978-0273711629
