Charlie Is a Single Taxpayer with Income of $107,000 Which

question 76

Multiple Choice

Charlie is a single taxpayer with income of $107,000 which includes $22,500 of interest income.Contributions to educational savings accounts are phased out between $95,000 and $110,000.What is the maximum contribution Charlie can make to an educational savings account?

• A)$400
• B)$1,600
• C)$2,000
• D)$2,500
• E)$0

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Definitions:

Bem Sex Role Inventory

A psychological inventory that assesses how strongly a person identifies with traditionally masculine or feminine characteristics.

Androgyny

A characteristic of individuals who exhibit both masculine and feminine traits.

Bisexuality

Sexual attraction to or sexual behavior with individuals of both the male and female sex.

Transgender Individuals

People whose gender identity differs from the sex they were assigned at birth.