During 2018, Carl (a single taxpayer) has a salary of $91,500 and interest income of $11,000. Calculate
Question:
During 2018, Carl (a single taxpayer) has a salary of $91,500 and interest income of $11,000. Calculate the maximum contribution Carl is allowed for an educational savings account.
a. $0
b. $400
c. $1,000
d. $2,000
e. Some other amount
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Related Book For
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
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