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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

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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 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: . His AGI is $107,400 b. His AGl is $434,000. c. His AGl is $421,500, and his daughters are ages 10 and 12 . \begin{tabular}{|l|c|} \hline \multicolumn{1}{|c|}{ Filing Status } & Phase-Out Threshold \\ \hline Married filing jointly & $400,000 \\ \hline Married filing separately & 200,000 \\ \hline Head of household and single & 200,000 \\ \hline \end{tabular}

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