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Required information Problem 8-70 (LO 8-4) (Algo) Skip to question [The following information...

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Accounting

Required information

Problem 8-70 (LO 8-4) (Algo)

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[The following information applies to the questions displayed below.]

Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife.

What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8.

Problem 8-70 Part-b (Algo)

b. His AGI is $426,900.

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