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-a (Algo) a. His AGI is $104,000. b. His AGl is $425,300. Amount of child tax credit c. His AGI is $429,500, and his daughters are ages 10 and 12 . EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold