18. During 2010, Carl (a single taxpayer) has a salary of $90,500 and interest income of $15,500....

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18. During 2010, Carl (a single taxpayer) has a salary of $90,500 and interest income of

$15,500. Calculate the maximum contribution Carl is allowed for an educational savings account.

a. $2,000

b. $1,467

c. $533

d. $0

e. Some other amount LO 5.8

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