Phil and Faye are married and have 3 children ages 11,14,and 17.Phil and Faye's adjusted gross income for the year is $200,000.The maximum they can contribute to their children's Coverdell Education Savings accounts is $\begin{array}{ccc}
& \text { Each Account } & \text { Total Contribution } \
\text { a. } & \$-0- & \$-0- \
\text { b. } & \$ 1,333 & \$ 4,000 \
\text { c. } & \$ 2,000 & \$ 4,000 \
\text { d. } & \$ 2,000 & \$ 6,000 \
\text { e. } & \$ 6,000 & \$ 6,000
\end{array}$

Question

Phil and Faye are married and have 3 children ages 11,14,and 17.Phil and Faye's adjusted gross income for the year is $200,000.The maximum they can contribute to their children's Coverdell Education Savings accounts is $\begin{array}{ccc} 
& \text { Each Account } & \text { Total Contribution } \
\text { a. } & \$-0- & \$-0- \
\text { b. } & \$ 1,333 & \$ 4,000 \
\text { c. } & \$ 2,000 & \$ 4,000 \
\text { d. } & \$ 2,000 & \$ 6,000 \
\text { e. } & \$ 6,000 & \$ 6,000
\end{array}$

Quizplus · Accepted Answer

The Answer of Phil and Faye are married and have 3 children ages 11,14,and 17.Phil and Faye's adjusted gross income for the year is $200,000.The maximum they can contribute to their children's Coverdell Education Savings accounts is $\begin{array}{ccc} 
& \text { Each Account } & \text { Total Contribution } \
\text { a. } & \$-0- & \$-0- \
\text { b. } & \$ 1,333 & \$ 4,000 \
\text { c. } & \$ 2,000 & \$ 4,000 \
\text { d. } & \$ 2,000 & \$ 6,000 \
\text { e. } & \$ 6,000 & \$ 6,000
\end{array}$

Phil and Faye Are Married and Have 3 Children Ages