Question: Problem 8 - 7 0 ( LO 8 - 4 ) ( Algo ) [ The following information applies to the questions displayed below. ]

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 spouse.
What amount of child tax credit (either as a child or a qualifying dependent) will Trey be able to claim in 2024 for his
daughters under each of the following alternative situations? Use Exhibit 8-8
c. His AGI is $426,100, and his daughters are ages 10 and 12.
Answer is complete but not entirely correct.
 Problem 8-70(LO 8-4)(Algo) [The following information applies to the questions displayed

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