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Problem 7 - 1 9 ( Algorithmic ) Education Tax Credits ( LO 7 . 5 ) Janie graduates from high school in 2 0

Problem 7-19(Algorithmic)
Education Tax Credits (LO 7.5)
Janie graduates from high school in 2023 and enrolls in college in the fall. Her parents (who file a joint return) pay $13,725 for her tuition and fees.
If required, round your computations to the nearest whole value.
a. Assuming Janie's parents have AGI of $171,400, what is the American Opportunity tax credit they can claim for Janie?
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b. Assuming Janie's parents have AGI of $68,560, what is the American Opportunity tax credit they can claim for Janie?
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