John and Mary paid the following amounts for their daughter, Sara attend the Universiy of Utah during 2009. Sara was in her first year of college and attend full-time.
Tuition and fees (for fall semesterr 2009) $1,950
Tuition and fees (for spring semester 2010) $1,000
Books $600
Roomand Board $1,200
The spring semester at the University begins in January. In addition to the above information, Saras Uncle sent $800 for her tuition directly to the school. John and Mary's have a modified AGI of $165,000. What is the amount of qualifying expenses for the purpose of the Hope Credit? What is the amount of the Hope Credit that John and Mary can claim based on their AGI?