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[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
[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 spouse. What amount of child tax credit (either as a child or a qualifying dependenti will Trey be able to claim in 2023 for his daughters under each of the following alternative situations? Use Problem 8-70 Part a (Static) a. His AGI is $100,000. EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold
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