Assuming AGI Below the Threshold,a Contributor May Make a Deductible

question 105

True/False

Assuming AGI below the threshold,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:

Sexually Promiscuous

Exhibiting or characterized by involvement in a variety of sexual relationships with little or no emotional commitment.

Contraceptives

Methods or devices used to prevent pregnancy.

Unmarried Teens

Refers to adolescents who are not legally married or in a marital-like relationship.

Sexual Fantasies

Imagined sexual experiences that arouse sexual desire, often involving scenarios not present in one's current sexual life.