Maximum contributionto an educational saving account, Accounting Basics

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Maximum contributionto an educational saving account

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. $1,600

b. $2,000

c. $-0-

d. $2,250

e. $400

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Accounting Basics: Maximum contributionto an educational saving account

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Accounting Basics: Maximum contributionto an educational saving account

Reference No:- TGS046564

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Maximum contributionto an educational saving account

Reference No:- TGS046564

Recent Questions Asked Accounting Basics

Q : Business subscriptions-professional dues

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Q : Determining the earnings before interest and taxes

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