Question 1a janie graduates from high school in 2016 and, Ask an Expert

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Question: 1a. Janie graduates from high school in 2016 and enrolls in college in the fall. Her parents (who file a joint return) pay $4,000 for her tuition and fees.

Assuming Janie's parents have AGI of $170,000, what is the American Opportunity tax credit they can claim for Janie?

Assuming Janie's parents have AGI of $75,000, what is the American Opportunity tax credit they can claim for Janie?

1b. In 2016, Jeff spends $6,000 on solar panels to heat water for his main home. What is Jeff's credit for his 2016 purchases?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92761587

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