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
Correct Answer:
Verified
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