A husband and wife are self-employed and have 3 children, ages 4,7, and 9. They have a combined income of $300,000. They wish to open Coverdell ESAs for each of their children to pay for qualified education expenses. Which statement is TRUE? A B They can open the account for each child and make an annual $2,000 tax-deductible contribution for each They can open the account for each child and make an annual $2,000 non tax-deductible contribution for each CO They are prohibited from opening an account for each child because they earn too much Do They are prohibited from opening an account for each child because Coverdell ESAs cannot be opened by self-employed individuals