Problem $7-19($Algorithmic$)$

Education Tax Credits $($LO $7\mathrm{.}5)$

Janie graduates from high school in $2022$ and enrolls in college in the fall. Her parents $($who file a joint return$)$ pay $$8,850$ for her tuition and fees.

If required, round your computations to the nearest whole value.

a$.$ Assuming Janie's parents have AGI of $$176,800,$ what is the American Opportunity tax credit they can claim for Janie?

b$.$ Assuming Janie's parents have AGI of $$70,720,$ what is the American Opportunity tax credit they can claim for Janie?