Exercise 4 (10 Points) A. John graduates from high school in 2019 and enrolls in a private college in the fall. His parents pay $10,000 for his tuition and fees. John's parents have AGI of $175,000. What is the American Opportunity credit they can claim for John? Explain. B. Jasmine is a single marketing manager with a college degree. She continually updates her marketing knowledge and gets fresh ideas by taking classes at the local community college. This year she spent $1,500 on course tuition and fees. If Jasmine has AGI of $60,000, how much lifetime learning credit can she claim on her tax return? Explain