Required information [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. b. His AGI is $420,000. X Answer is complete but not entirely correct. Amount of child tax credit $ 1,250 X 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 c. His AGI is $420,100, and his daughters are ages 10 and 12. X Answer is complete but not entirely correct. Amount of child tax credit $ 2,995