1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LUCKY_DIMON [66]
3 years ago
11

Jim and Carolyn, who are married, establish a Coverdell Education Savings Account to pay for the future college expenses of thei

r infant son. They file jointly and have a modified AGI of $100,000. What is the maximum contribution they can make to a CESA in the current year?
Business
1 answer:
nasty-shy [4]3 years ago
5 0

Answer:

$2000

Explanation:

CESA is a tax deferred account founded by the USA government  to support educational expenses for children that are not more than 18 years of age .

CESA , an acronym for coverdell education savings accounts allows a couple who filed jointly with a modified adjusted income that is not more than $220,000 to contribute not more than $2000 per student for each year.

The contribution is tax free assuming it is less than the account holder's annual adjusted qualifies expenses

You might be interested in
What is a challenge of starting a business?
Levart [38]

Answer:

Starting a business is a big achievement for many entrepreneurs, but maintaining one is the larger challenge. There are many standard challenges every business faces whether they are large or small. These include things like hiring the right people, building a brand, and so on.

Explanation:

4 0
3 years ago
Marking brainliest!! Ms. Rivera needs advice. She wants to pay her taxes on time and figure out how she can save money to retire
Yuki888 [10]
A. Personal

Personal accountant: A person who has the requisite skill and experience in establishing and maintaining accurate financial records for an individual or a business.
5 0
2 years ago
Read 2 more answers
Suppose that when the price of a good is $15, the quantity demanded is 40 units, and when the price falls to $6, the quantity in
Paraphin [41]

Answer:

(A) -5/6

Explanation:

Price elasticity of demand = % change in quantity demanded ÷ % change in price

% change in quantity demanded = (60-40)/40 × 100 = 20/40 × 100 = 50%

% change in price = ($6-$15)/$15 × 100 = -$9/$15 × 100 = -60%

Price elasticity of demand = 50% ÷ -60% = -5/6

8 0
3 years ago
Which is most likely to happen to consumers with good credit? Check all that apply.
nekit [7.7K]

Answer:

They can use credit in emergencies. A form must be filled out when someone is hired for a job to determine how much income tax will be withheld.

Explanation:

4 0
3 years ago
On july 25, henry company's accountant prepared a check for august's rent payment. henry company mails the checkon july 27 to th
erastovalidia [21]
<span>Henry Company should record the rent expense on August 2. Although the check was prepared on July 25 and mailed on July 27, it should not be recorded until the check is actually cashed.</span>
4 0
3 years ago
Other questions:
  • An analytical technique used by management to focus attention on the most significant variances and give less attention to the a
    6·1 answer
  • 1. In the Health Science cluster, Ophthalmologists diagnose, treat, and help prevent ¬¬¬__________________ of the ______________
    13·1 answer
  • Lucky Cow Dairy provided the following expense information for​ May: Assemblyminusline ​workers' wages $ 72 comma 300 Caps for m
    11·1 answer
  • Four years ago, acme tool and die included its employees in a profit-sharing plan in which workers started receiving quarterly b
    12·1 answer
  • Reasons for lack of customer care in many organization​
    5·1 answer
  • Household behavior with respect to changes in income can be described by the marginal propensity to consume (MPC) and the margin
    11·1 answer
  • F. Describe at least two examples of information the secondary source provided. (1-2
    9·2 answers
  • Karen makes $10 per hour and is paid time and
    13·1 answer
  • Should P&amp;G have more or fewer marketing and advertising agencies doing its advertising?
    6·1 answer
  • If firms are earning zero economic profits, they must be producing at an output level at which Group of answer choices price equ
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!