Question

Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint...

Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife.

What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations?

b. His AGI is $420,500.

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