Question
Valerie and Marty are both age 51 and file a joint return. They have one child who is age 17. They have combined AGI in
Valerie and Marty are both age 51 and file a joint return. They have one child who is age 17. They have combined AGI in 2016 of $180,000. What is their maximum permitted contribution to a Coverdell Education Savings Account for 2016 assuming no other persons make contributions?
A) $2,000.
B) $0.
C) $6,500.
D) $5,500.
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
