Valerie and Marty Are Both Age 51 and File a Joint

question 5

Multiple Choice

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 2017 of $180,000.What is their maximum permitted contribution to a Coverdell Education Savings Account for 2017 assuming no other persons make contributions?

• A)$0.
• B)$2,000.
• C)$5,500.
• D)$6,500.

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Definitions:

Palms

The inner surface of the hands between the fingers and the wrists.

Soles

The undersides of a person's feet.

Alopecia

The loss of hair; baldness.

Physiologic

Relating to the functions of living organisms and their parts.