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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

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

EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold

Filing Status Phase-Out Threshold
Married filing jointly $400,000
Married filing separately 200,000
Head of household and single 200,000

b. His AGI is $420,900.

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

Amount of Child Tax Credit for scenario B= ??????

Amount of Child Tax Credit for scenario C= ??????

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