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Required information Problem 8-70 (LO 8.4) (Algo) {The following information applies to the questions displayed below.) Trey has two dependents, his daughters, ages 14 and 18, at year-end. Trey files a joint return with his wife. What amount of child tax credit (either as a child or a qualifying dependent) will Trey be able to claim in 2021 for his daughters under each of the following alternative situations? Use Exhibit 8-8. Problem 8-70 Part-a (Algo) a. His AGI is $101.200 Amount of child tax credit EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold Filing Status Married filing jointly Married filing separately Head of household and single Phase-Out Threshold $400,000 200.000 200.000 Required information Problem 8.70 (LO 8-4) (Algo) [The following information applies to the questions displayed below.) Trey has two dependents, his daughters, ages 14 and 18, at year-end. Trey files a joint retum with his wife. What amount of child tax credit (either as a child or a qualifying dependent) will Troy be able to claim in 2021 for his daughters under each of the following alternative situations? Use Exhibit.8-8. Problem 8-70 Part-b (Algo) b. His AGI is $421,300 Amount of child tax credit Check my work 3 Required information Problem 8-70 (LO 8-4) (Algo) [The following information applies to the questions displayed below.) Trey has two dependents, his daughters, ages 14 and 18, at year-end. Trey files a joint return with his wife, What amount of child tax credit (either as a child or a qualifying dependent) Will Trey be able to claim in 2021 for his daughters under each of the following alternative situations? Use Exhibit 8-8. Problem 8-70 Part-c (Algo) c. His AGI is $423,900, and his daughters are ages 10 and 12. Amount of child tax credit

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