Which of the Following Statements Regarding a Coverdell Education Savings

question 108

Multiple Choice

Which of the following statements regarding a Coverdell Education Savings Account (CESA) is correct?

• A)An individual can be the beneficiary of multiple CESAs.
• B)Annual contributions are limited to $2,000 per beneficiary,per contributor.
• C)A contributor cannot make a contribution for himself/herself.
• D)For single taxpayers,permitted contributions begin to be phased out when AGI reaches $90,000.

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Definitions:

GLOBE Model

A research framework used for understanding the relationship between culture and societal, organizational, and leadership effectiveness across the world.

Collectivism-societal

An orientation valuing the goals, well-being, and views of the group over those of the individual, prevalent in various cultures and societies.

Cohesiveness

The degree to which members of a group or team are united in pursuing common goals, leading to a sense of unity and loyalty.

GLOBE Model

An investigative framework focused on exploring how culture influences the efficacy of societies, organizations, and leadership globally.