Valerie and Marty Are Both Age 51 and File a Joint

question 112

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 2014 of $180,000.What is their maximum permitted contribution to a Coverdell Education Savings Account for 2014 assuming no other persons make contributions?

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

---

Definitions:

Immediate Predecessors

Tasks that must be completed directly before a subsequent task can begin in project management or process planning.

Project Organization

A structure designed for temporary endeavors, focused on achieving specific goals, where resources are allocated for the project's duration.

Organizational Lines

The hierarchical structure and division of roles within an organization.

Construction Firms

Companies specializing in the construction of buildings, infrastructure, and other physical structures.