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.

---

Definitions:

Positive Correlation

A relationship between two variables where both either increase or decrease together.

Negative Correlation

A connection between two factors where as one escalates, the other diminishes.

Mood Disorders

A category of mental health issues that primarily affect a person’s emotional state, such as depression and bipolar disorder.

Profound Creativity

Exceptional or groundbreaking creativity that significantly alters the perception or understanding of a domain or discipline.