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 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 $421,300 Amount of child tax credit EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold Phase-Out Threshold Filing Status Married filing jointly Married filing separately Head of household and single $400,000 200,000 200,000