Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife.

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

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.

Problem 8-70 Part-a (Algo)

a. His AGI is $107,300.

b. His AGI is $420,500.

c. His AGI is $421,100, and his daughters are ages 10 and 12.