A Contributor May Make a Deductible Contribution to a Coverdell

question 16

True/False

A contributor may make a deductible contribution to a Coverdell Education Savings Account for a qualified designated beneficiary of up to $2,000.

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Definitions:

Fissure Eruption

A volcanic eruption through a crack or fissure in the earth's surface, often producing long linear volcanoes.

Valles Caldera

A large volcanic caldera located in the Jemez Mountains of northern New Mexico, known for its hot springs and geothermal activity.

Volcanic Domes

Rounded, steep-sided mounds formed by the slow eruption of viscous lava from a volcano.

Volcanic Necks

The solidified remains of magma within a volcanic vent, often exposed after the surrounding rock has eroded away.