John graduates from high school in 2016 and enrolls in a private college in the fall. His parents pay $10,000 for his tuition and fees.
a.Assuming John's parents have AGI of $46,000, what is the American Opportunity credit they can claim for John? Explain.
b.Assuming John's parents have AGI of $175,000, what is the American Opportunity credit they can claim for John? Explain.

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The Answer of John graduates from high school in 2016 and enrolls in a private college in the fall. His parents pay $10,000 for his tuition and fees.
a.Assuming John's parents have AGI of $46,000, what is the American Opportunity credit they can claim for John? Explain.
b.Assuming John's parents have AGI of $175,000, what is the American Opportunity credit they can claim for John? Explain.

John Graduates from High School in 2016 and Enrolls in a Private