DJ and Gwen paid $3,200 in qualifying expenses for their son, Nikko, who is a freshman attending

Question:

DJ and Gwen paid $3,200 in qualifying expenses for their son, Nikko, who is a freshman attending the University of Colorado. DJ and Gwen have AGI of $170,000 and file a joint return. What is their allowable American opportunity tax credit (AOTC) after the credit phaseout based on AGI is taken into account?

a. $0.

b. $1,150.

c. $2,300.

d. $3,200.

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