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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

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 dependent) will Trey
be able to claim in 2022 for his daughters under each of the following alternative
situations? Use Exhibit 8-8. attached below
Required:
a. His AGI is $100.000.
b. His AGI is $420.000.
c. His AGI is $420,100, and his daughters are ages 10 and 12.
image text in transcribed
image text in transcribed
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 dependent) will Trey be able to claim in 2022 for his daughters under each of the following alternative situations? Use Exhibit 8-8. Required: a. His AGl is $100,000. b. His AGI is $420,000. c. His AGI is $420,100, and his daughters are ages 10 and 12. Complete this question by entering your answers in the tabs below. AGI is $100,000. EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold

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