Shirley files a joint income tax return and wants to contribute to a Coverdell Education Savings Account (ESA) for her son. What is the maximum contribution she can make to an ESA for her son if her modified adjusted gross income is $205,000 and the applicable amount is $190,000?

a. $0

b. $1,000

c. $2,000

d. $5,000

Answer rating: 100% (QA)

Modified adjusted gross income 205000 Less applicable amount 190000 Excess Income 15000 Compl... View the full answer