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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Definitions:

Birth Of A Nation

A controversial and highly influential 1915 film directed by D.W. Griffith that portrayed the Ku Klux Klan as heroes, widely criticized for its racist depictions of African Americans.

Knights Of Labor

A labor organization founded in 1869 that advocated for the rights of workers and sought broad social reforms.

American Federation Of Labor

A national federation of labor unions in the United States founded in 1886, focused on advocating for the rights of skilled workers.

Frederick Taylor

An American mechanical engineer and management consultant who is considered the father of scientific management, focusing on improving industrial efficiency.