Required information [The following information applies to the questions displayed below.] Trey has two dependents,...
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Accounting
Required information [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 spouse. What amount of child tax credit (either as a child or a qualifying dependent) will Trey be able to claim in 2023 for his daughters under each of the following alternative situations? Use Exhibit 8-8. b. His AG1 is $433,000. c. His AGI is $421,400, and his daughters are ages 10 and 12
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