Jermaine and Kesha are married,file a joint tax return,have AGI of $82,500,and have two children.Devona is beginning her freshman year at State University during Fall 2016,and Arethia is beginning her senior year at Northeast University during Fall 2016 after having completed her junior year during the spring of that year.Both Devona and Arethia are claimed as dependents on their parents' tax return.

Devona's qualifying tuition expenses and fees total $4,000 for the fall semester,while Arethia's qualifying tuition expenses and fees total $6,200 for each semester during 2016.Full payment is made for the tuition and related expenses for both children during each semester.The American Opportunity credit available to Jermaine and Kesha for 2016 is:

Question

Jermaine and Kesha are married,file a joint tax return,have AGI of $82,500,and have two children.Devona is beginning her freshman year at State University during Fall 2016,and Arethia is beginning her senior year at Northeast University during Fall 2016 after having completed her junior year during the spring of that year.Both Devona and Arethia are claimed as dependents on their parents' tax return.
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Devona's qualifying tuition expenses and fees total $4,000 for the fall semester,while Arethia's qualifying tuition expenses and fees total $6,200 for each semester during 2016.Full payment is made for the tuition and related expenses for both children during each semester.The American Opportunity credit available to Jermaine and Kesha for 2016 is:

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The American Opportunity credit is equal to 100% of the first $2,000 of qualified tuition and related expenses and 25% of the next $2,000 of qualified tuition and related expenses, for a total maximum credit of $2,500 per eligible student. Both Devona and Arethia are eligible students, and their combined qualifying tuition expenses and fees for the year is $16,400 ($4,000 for Devona plus $6,200 for Arethia for each semester). Since the credit is based on each eligible student's expenses, Jermaine and Kesha can claim a total of $5,000 in American Opportunity credit for 2016 ($2,500 for Devona and $2,500 for Arethia).

Jermaine and Kesha Are Married,file a Joint Tax Return,have AGI