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?

a. His AGI is $108,200.

b. His AGI is $424,600.

c. His AGI is $421,400, and his daughters are ages 10 and 12.

Use this:

Filing Status Married filing jointly Married filing separately Head of household and single Source: $24(a). Phase-Out Threshold $400,000 200,000 200,000