Problem 7-19 Education Tax Credits (LO 7.5) Janie graduates from high school in 2020 and...
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Accounting
Problem 7-19 Education Tax Credits (LO 7.5)
Janie graduates from high school in 2020 and enrolls in college in the fall. Her parents (who file a joint return) pay $4,000 for her tuition and fees.
1. Assuming Janie's parents have AGI of $172,000, what is the American Opportunity tax credit they can claim for Janie? $____________
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