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:

1. His AGI is $107,900.
2. His AGI is $423,000.
3. His AGI is $420,400, and his daughters are ages 10 and 12.