EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold Filing Status Phase-Out Threshold $400,000 Married filing jointly Married filing separately Head of household and single 200,000 200,000 Return to question 6 Part 2 of 3 Required information (The following information applies to the questions displayed below) Trey has two dependents, his daughters, ages 14 and 18, at year-end. Trey files a joint return with his wife What amount of child tax credit (either as a child or a qualifying dependent) will Trey be able to claim in 2021 for his daughters under each of the following alternative situations? Use Exhibit 8-8. 1.11 points b. His AGI is $425,200 Answer is complete but not entirely correct. Amount of child tax credits 5,010 Return to question 7 Part 3 of 3 Required information The following information applies to the questions displayed below.) Trey has two dependents, his daughters, ages 14 and 18, at year-end. Trey files a joint return with his wife. What amount of child tax credit (either as a child or a qualifying dependent) will Trey be able to claim in 2021 for his daughters under each of the following alternative situations? Use Exhibit 88. 1.11 points c. His AGI is $426,100, and his daughters are ages 10 and 12 Answer is complete but not entirely correct. Amount of child tax credit 2,800 S