Response to the following problem:
Jeremy and Celeste paid the following amounts for their daughter, Alyssa, to attend the University of Colorado during 2010. Alyssa was in her first year of college and attended full-time. Tuition and fees (for fall semester 2010) $1950 ,Tuition and fees (for spring semester 2011) $1000, Books $ 600, Room and board $1200 .The spring semester at the University of Colorado begins in January. In addition to the above, Alyssas Uncle Devin sent $800 for her tuition directly to the university. Jeremy and Celeste have modified AGI of $165000.
What is the amount of qualifying expenses for the purposes of the American opportunity tax credit (AOTC) in 2010?
What is the amount of the AOTC that Jeremy and Celeste can claim based on their AGI?