A Contributor May Make a Deductible Contribution to a Coverdell

question 16

True/False

A contributor may make a deductible contribution to a Coverdell Education Savings Account for a qualified designated beneficiary of up to $2,000.

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Definitions:

Slippery Slope Fallacy

A logical fallacy that assumes a relatively small first step leads to a chain of related events culminating in some significant effect.

Warranted Arguments

Arguments that are justified or backed up by substantial evidence or reason.

False Cause Fallacy

A logical fallacy where a cause-and-effect relationship is incorrectly assumed between two events simply because they occur together.

Explaining Events

The process of providing detailed reasoning or evidence to clarify how or why something occurred.