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:

Concrete Experience

A Kolb's Experiential Learning Theory component, involving learning through specific experiences and reflecting on those experiences.

Living Beings

Organisms that exhibit the characteristics of life, such as growth, reproduction, responsiveness, and metabolism.

Meaningful

Having significant, purposeful value or importance; capable of eliciting deep thought or emotion.

OTTFFSSENT

OTTFFSSENT is a mnemonic device used to remember the initial letters of the first ten numbers in sequence: One, Two, Three, Four, Five, Six, Seven, Eight, Nine, Ten.