Trey has two dependents, his daughters, ages 14 and 18, at year-end. Trey files a joint return with his wife. What amount of child tax credit (either as a child or a qualifying dependent) will Trey be able to claim in 2021 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 $420,000. What is the Amount of child tax credit?

Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer for a local start-up company. What amount of child and dependent care credit can Julie claim in 2021 in each of the following alternative scenarios? Use Exhibit 8-10

EXHIBIT 8-10 Child and Dependent Care Credit Percentage

If AGI is over	But not over	Then the percentage is
$ 0	$125,000	50%
125,000	127,000	49
127,000	129,000	48
129,000	131,000	47
181,000	183,000	21
183,000	400,000	20
400,000	402,000	19
402,000	404,000	18
434,000	436,000	2
436,000	438,000	1
438,000		0

Source: Source: Internal Revenue Code. " 21. Expenses For Household And Dependent Care Services Necessary For Gainful Employment."

a. Julie paid $2,000 to the day care center and her AGI is $50,000 (all salary). What is the Child and dependent care credit?

b. Julie paid $10,000 to the day care center and her AGI is $50,000 (all salary). What is the Child and dependent care credit?

c. Julie paid $4,000 to the day care center and her AGI is $127,000 (all salary). What is the Child and dependent care credit?