# Janie graduates from high school and enrolls in college.

Janie graduates from high school in 2011 and enrolls in college in the fall. Her parents pay \$4,000 for her tuition and fees.

A. Assuming Jennies parents have AGI of \$170,00 what is the American Opportunity credit they can claim for Jennie?
B. Janie graduates from high school in 2010 and enrolls in college in the fall. Her parents pay \$4,000 for her tuition and fees.
a. Assuming Janie's parents have AGI of \$170,000, what is the American Opportunity credit they can claim for Janie?
b. Assuming Janie's parents have AGI of \$75,000, what is the American Opportunity credit they can claim for Janie?

#### Solution Summary

This solution addresses the following individual tax accounting question:

Janie graduates from high school in 2011 and enrolls in college in the fall. Her parents pay \$4,000for her tuition and fees.

A. Assuming Jennies parents have AGI of \$170,00 what is the American Opportunity credit they can claim for Jennie?
B. Janie graduates from high school in 2010 and enrolls in college in the fall. Her parents pay \$4,000 for her tuition and fees.
a. Assuming Janie's parents have AGI of \$170,000, what is the American Opportunity credit they can claim for Janie?
b. Assuming Janie's parents have AGI of \$75,000, what is the American Opportunity credit they can claim for Janie?