! 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 17, at year-end. Trey files a joint return with his wife. What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8. Problem 8-70 Part-a (Algo) a. His AGI is $101,200. Amount of child tax credit ! 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 17, at year-end. Trey files a joint return with his wife. What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8. Problem 8-70 Part-b (Algo) b. His AGI is $421,300. Amount of child tax credit Problem 8-70 Part-c (Algo) c. His AGI is $423,900, and his daughters are ages 10 and 12. Amount of child tax credit EXHIBIT 3-8 Child Tax Credit Phase-Out Threshold Filing Status Married filing jointly Married filing separately Head of household and single Phase-Out Threshold $400.000 200,000 200,000