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Question 75 of 100. Jennifer would like to create and fund an Achieving a Better Life Experience (ABLE) account for the benefit of her nephew.

Question 75 of 100. Jennifer would like to create and fund an Achieving a Better Life Experience (ABLE) account for the benefit of her nephew. Andrew, who lives in Colorado. Andrew meets all requirements to be a beneficiary of an ABLE account and earned $5,000 wages this year. The 2022 federal poverty line for a single person household was $13,590. What is the maximum Jennifer may contribute to Andrew's account in 2023?
O $5,000
$13,590
$17,000
O $22,000
image text in transcribed
Jennifer would like to create and fund an Achieving a Better Life Experience (ABLE) account for the benefit of her nephew, Andrew, who lives in Colorado. Andrew meets all requirements to be a beneficiary of an ABLE account and earned $5,000 in wages this year. The 2022 federal poverty line for a single person household was $13,590. What is the maximum Jennifer may contribute to Andrew's account in 2023? $5,000 $13,590 $17,000 $22,000

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