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30% OFF HW 8: Ch. 8 Saved ! 19 Required information Problem 8-70 (LO 8-4) (Static) [The following information applies to the questions displayed below.] Part 1 of 3 Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife. 10 points What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8. Problem 8-70 Part-a (Static) eBook a. His AGI is $100,000. Hint Amount of child tax credit ni 30% OFF HW 8: Ch. 8 i Saved ! 20 Required information Problem 8-70 (LO 8-4) (Static) (The following information applies to the questions displayed below.] Part 2 of 3 Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife. 10 points What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8. Problem 8-70 Part-b (Static) eBook 101 b. His AGI is $420,000. Hint Amount of child tax credit Print 30% OFF HW 8: Ch. 8 i Saved ! 21 Required information Problem 8-70 (LO 8-4) (Static) [The following information applies to the questions displayed below.) Part 3 of 3 Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife. 10 points What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8. Problem 8-70 Part-c (Static) eBook c. His AGI is $420,100, and his daughters are ages 10 and 12. Hint Amount of child tax credit Print EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold Phase-Out Threshold Filing Status Married filing jointly Married filing separately Head of household and single $400,000 200,000 200,000