Describe the Coverdell Education Savings Account. How does it differ from the 529 plan?
Question:
Describe the Coverdell Education Savings Account. How does it differ from the 529 plan?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The Coverdell Education Savings Account ESA is a taxadvantaged investment account designed to help families save for educational expenses Its named af...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
1. Assuming the deathclock.com projection is accurate, Cory is concerned about getting back as much as possible of his Social Security taxes. At what age can he retire and receive full Social...
-
1. What are the 2 types of qualified retirement plans and how do they work? 2. What are the differences between a money purchase pension plan, a 401(k) plan, and a profit-sharing plan? 3. Compare and...
-
Steve and Steph feel that they make and have plenty of money to sendtheir two children to the best university available; therefore, they stated to their accountant that their kids do not need college...
-
The contingency table shown relates happiness and gender for the 2012 GSS. a. Identify the response variable and the explanatory variable. b. Construct a table or graph showing the conditional...
-
Megaboite Distributors Limited is reviewing its year-end inventory calculations. It uses the FIFO cost formula in a perpetual inventory system. The company had $4.7 million of inventory at the...
-
Mercer Corp. is a firm with 10 million shares outstanding and $84 million worth of debt outstanding. Its current share price is $73. Mercers equity cost of capital is 8.5%. Mercer has just announced...
-
Refer to Exercise 9. For the result that was statistically significant, the P-value was 0.01. What P-value would be needed to conclude at the = 0.05 level that the time spent studying differs...
-
Consider a variation of the PDC decision tree shown in Figure. The company must first decide whether to undertake the market research study. If the market research study is conducted, the outcome...
-
Alvarado Company produces a product that requires 5 standard direct labor hours per unit at a standard hourly rate of $12.00 per hour. If 5,700 units used 29,400 hours at an hourly rate of $11.40 per...
-
What is a 529 plan? What restrictions on funding, contributions, and withdrawals apply?
-
Once the taxes are paid, what advantages are available from rolling money from a traditional to a Roth IRA?
-
If national consumption is $9 billion when disposable income is $0 and if the marginal propensity to consume is 0.30, what is consumption when disposable income is $20 billion?
-
A spherical mirror produces a real image of your face that is twice as large as your face. If your face is \(750 \mathrm{~mm}\) from the mirror, what is the radius of curvature of the mirror?
-
When you look at yourself in a converging mirror, you appear to be one-fourth your actual size. If you are standing \(1.0 \mathrm{~m}\) in front of the mirror, what is the mirror's radius of...
-
A plano-convex lens has a focal length of \(170 \mathrm{~mm}\), and the material of which the lens is made has an index of refraction of 1. 6. What is the radius of curvature of the convex surface?
-
Does a social entrepreneur have a moral obligation to grow her or his venture? Why, or why not?
-
How can measuring a frms social impact have an infuence on making sure the venture is effective in staying true to its mission?
-
Define and explain first mover advantages.
-
Horse serum containing specific antibody to snake venom has been a successful approach to treating snakebite in humans. How do you think this anti-venom could be generated? What are some advantages...
-
Use Worksheet 1 to list three short-term goals and/or expenses for which a savings account, money market mutual fund, or other liquid assets vehicle would be the appropriate place for your money.
-
What is the primary advantage of automating your savings?
-
After reading the new account insert in his monthly statement, Tony Mercadante determined that the FDIC considers a joint account as a separate depositor. He and his wife, Cynthia, have three...
-
Eddie's Electronics sells laptop computers for $550 each. At this price, the store sells 325 laptops. Eddie's Electronics incurs a $478 cost for each laptop it sells. Assume that this is the store's...
-
Suppose that you are running NTP over a network where you were guaranteed that the one- way delay between any two hosts was identical (i.e., there are no asymmetric delays in the network) and that...
-
Find the vector equation for the line of intersection of the planes 3x + 3y + 4z = 5 and 3x + z = -5
Study smarter with the SolutionInn App