Michael and Addison Are Married and Have a 9-Year Old

question 124

Essay

Michael and Addison are married and have a 9-year old grandson,Braydon.They want to contribute to a § 529 plan on behalf of Braydon's education.For 2009,what is the maximum amount they can transfer to the plan without making a taxable gift?

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Definitions:

Eyewitness Testimony

Evidence provided by individuals who were present at the scene of a crime, offering their recollections of the events.

Child Abuse

The physical, sexual, emotional mistreatment, or neglect of a child by a parent, guardian, or other caregiver.

Preschoolers

Children who are in the age group typically between 3 to 5 years old, just before they enter formal schooling.

Sir Frederic Bartlett

A pioneering psychologist known for his work on memory and cognitive psychology, particularly the concept of schema.