Required information [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 Use Exhibit 8-8. claim for his daughters under each of the following alternative situations? b. His AGI is $425,300. X Answer is complete but not entirely correct. Amount of child tax credit $ 735 X c. His AGI is $429,500, and his daughters are ages 10 and 12. Answer is complete but not entirely correct. Amount of child tax credit $ 2,525 X EXHIBIT 8-8 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