Benjamin and Ester File a Joint Return and Have AGI

question 14

Multiple Choice

Benjamin and Ester file a joint return and have AGI of $165,000.Both are active participants in their employer's pension plan.They have one child,Emily,who is age 8.Emily's grandparents contributed $1,000 to a Coverdell Education Savings Account for Emily in 2014.What is the maximum permitted Coverdell Education Savings Account contribution that Benjamin and Ester can make in 2014?

• A) $0.
• B) $1,000.
• C) $2,000.
• D) $5,500.

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