Question
Janie graduates from high school in 2022 and enrolls in college in the fall. Her parents (who file a joint return) pay $5,100 for her
Janie graduates from high school in 2022 and enrolls in college in the fall. Her parents (who file a joint return) pay $5,100 for her tuition and fees.
If required, round your computations to the nearest whole value.
a. Assuming Janie's parents have AGI of $172,600, what is the American Opportunity tax credit they can claim for Janie?
b. Assuming Janie's parents have AGI of $69,040, what is the American Opportunity tax credit they can claim for Janie?
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
3rd Edition
0324002327, 978-0324002324
