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James Has Three Nieces,ages 11,16,and 19

Question 130

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James has three nieces,ages 11,16,and 19.His adjusted gross income for the year is $100,000.The maximum he can contribute to their Coverdell Education Savings Accounts is
 Each Account  Total Contribution a.$1,333$2,667b.$1,333$4,000c.$2,000$4,000d.$2,000$6,000e.$6,000$6,000\begin{array}{cc}\text { Each Account } & \text { Total Contribution } \\a.\$ 1,333 & \$ 2,667 \\b.\$ 1,333 & \$ 4,000 \\c.\$ 2,000 & \$ 4,000 \\d.\$ 2,000 & \$ 6,000 \\e.\$ 6,000 & \$ 6,000\end{array}

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