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) + C b. His AGI is $421,200. EXHIBIT 3-8 Child Tax Credit Phase-Out Threshold Amount of child tax credit Filing Status Married filing jointly Married filing separat Head of household and single Phase-Out Threshold $400,000 200,000 200,000