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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.

a. His AGI is $104,100.

c. His AGI is $428,400, and his daughters are ages 10 and 12.

EXHIBIT 8-5 2020 AMT Exemptions Filing Status Exemption Phase-Out Complete Phase-Out Begins at for This Level of This Level of AMTI AMTI $113,400 $1,036,800 Married filing jointly Married filing separately Head of household and single $1,490,400 745,200 56,700 518,400 72,900 518,400 810,000