What Is the Maximum Amount Velvia Can Contribute to a Coverdell

question 53

Multiple Choice

What is the maximum amount Velvia can contribute to a Coverdell Education Savings Account (CESA) on behalf of a grandson in 2012? She is single with an AGI of $99,000.

• A) $0.
• B) $500.
• C) $1,467.
• D) $2,000.
• E) None of the above.

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