Education Tax Credits (LO 6.5)

Janie graduates from high school in 2017 and enrolls in college in the fall. Her parents (who file a joint return) pay $4,000 for her tuition and fees.

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

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

As the demand for goods and services decrease, then job growth would obviously decrease (B) as well. This is simply because as demand for goods and services lessen, then companies will have to either cut costs or find new demands. In the process of cutting costs, then jobs are also being lessened as well. If there is small demand for goods and services, then there is also a small demand for manpower as well. So job growth will decrease