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Trey has two dependents, his daughters, ages 14 and 18 , at...

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Accounting

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image 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 Required: a. His AGI is $101,000. b. His AGI is $432,000. c. His AGI is $421,300, and his daughters are ages 10 and 12 . EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold

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