Trey has two dependents, his daughters, ages 14 and 18, at year-end. Trey files a...
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Accounting
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: His AGI is $105,400. His AGI is $438,000. His AGI is $421,900, and his daughters are ages 10 and 12
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