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Problem 6-20 (Algorithmic) Education Tax Credits (LO 6.5) Janie graduates from high school in 2017 and enrolls in college in the fall. Her parents (who
Problem 6-20 (Algorithmic) Education Tax Credits (LO 6.5) Janie graduates from high school in 2017 and enrolls in college in the fall. Her parents (who file a joint return) pay $8,350 for her tuition and fees. If required, round your computations to the nearest whole value. a. Assuming Janie's parents have AGI of $165,800, what is the American Opportunity tax credit they can claim for Janie?
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