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.

a. His AGI is $101,200.

Amount of child tax credit_____

b. His AGI is $429,000.

Amount of child tax credit_____

c. His AGI is $421,000, and his daughters are ages 10 and 12.

Amount of child tax credit_____

EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold