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 $425,300.

amount of child tax credit = ???

c. His AGI is $429,500, and his daughters are ages 10 and 12.

amount of child tax credit = ???