Required information

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

Skip to question

[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.

Problem 8-70 Part-b (Algo)

b. His AGI is $422,100.