Federal Income Tax Individual

Problem 7-19 (Algorithmic) 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 $7,975 for her tuition and fees. If required, round your computations to the nearest whole value. a. Assuming Janie's parents have AGI of $175,400, what is the American Opportunity tax credit they can claim for Janie? $ b. Assuming Janie's parents have AGI of $70,160, what is the American Opportunity tax credit they can claim for Janie