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Problem 8.70 (LO 8.4) (Algo) [The following information appiles to the questions displayed below] Trey has two dependents, his daughters, ages 14 and 18 ,

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Problem 8.70 (LO 8.4) (Algo) [The following information appiles 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 wil trey be able to claim in 2623 for his daughters under each of the following alternative situotions? Use Exhibit 88 Problem 8-70 Port c (Algo) c. HIs AGI is \$422,100, and his daughters are age $10 and 12 . EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold

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