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 $100,000.

b. His AGI is $420,000.

EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold 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