Kyle and Alyssa Paid $1,000 and $2,000 in Qualifying Expenses

Kyle and Alyssa paid $1,000 and $2,000 in qualifying expenses for their two daughters Jane and Jill, respectively, to attend the University of California. Jane is a sophomore and Jill is a freshman. Kyle and Alyssa's AGI is $135,000 and they file a joint return. What is their allowable American opportunity tax credit after the credit phase-out based on AGI is taken into account?

A) $0.
B) $2,000.
C) $3,000.
D) $3,700.

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