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
Each Account Total Contribution
A) $- 0 - $-0-
B) $1,333 $4,000
C) $2,000 $4,000
D) $2,000 $6,000
E) $6,000 $6,000
Correct Answer:
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