I

Required information

Problem $8-70($LO $8-4)($Algo$)$

$[$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 spouse.

What amount of child tax credit $($either as a child or a qualifying dependent$)$ will Trey be able to claim in $2023$ for his daughters under each of the following alternative situations? Use Exhibit $8-8.$

Problem $8-70$ Part b $($Algo$)$

b$.$ His AGI is $$422,000.$

Amount of child tax credit

$$,595$