Question
In: Accounting
Janie graduates from high school in 2017 and enrolls in college in the fall. Her parents...
Janie graduates from high school in 2017 and enrolls in college in the fall. Her parents (who file a joint return) pay $5,850 for her tuition and fees.
If required, round your computations to the nearest whole value.
a. Assuming Janie's parents have AGI of
$167,800, what is the American Opportunity tax credit they can
claim for Janie?
$
b. Assuming Janie's parents have AGI of
$67,120, what is the American Opportunity tax credit they can claim
for Janie?
$
Please show how to work the problem so I can understand how to work them myself. Thank you!
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Janie graduates from high school in 2019 and enrolls in college in the fall. Her parents...
Janie graduates from high school in 2019 and enrolls in college
in the fall. Her parents (who file a joint return) pay $14,350 for
her tuition and fees. If required, round your computations to the
nearest whole value. a. Assuming Janie's parents have AGI of
$170,600, what is the American Opportunity tax credit they can
claim for Janie? $ b. Assuming Janie's parents have AGI of $68,240,
what is the American Opportunity tax credit they can claim for
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Janie graduates from highschool in 2019 and enrolls in college in the fall. Her parents (who...
Janie graduates from highschool in 2019 and enrolls in college
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Assuming Janie's parents have AGI of $172,600, what is the
American Opportunity tax credit they can claim for Janie?
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