Another Name for a Coverdell Account Is A(n)

question 92

Multiple Choice

Another name for a Coverdell account is a(n)

• A) Education IRA.
• B) Regular IRA.
• C) Roth IRA.
• D) SEP plan.
• E) Spousal IRA.

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Definitions:

Unlimited Life

Refers to entities, typically corporations, that are structured to continue operations indefinitely unless dissolved.

Ease of Formation

The simplicity and straightforwardness associated with establishing a new enterprise or legal entity, typically influenced by the regulatory and legal environment.

Single Tax

A system in which only one type of tax is levied, often proposed to simplify tax systems.

Small Business Administration (SBA)

A U.S. government agency that provides support to entrepreneurs and small businesses, including loans and grants.