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
zavuch27 [327]
2 years ago
7

Money from a Coverdell Education Savings Account can be used for:

Advanced Placement (AP)
1 answer:
Oliga [24]2 years ago
8 0

Answer:

B. K to 12 and post-secondary education expenses.

Explanation:

The Education individual retirement account (Education IRA) was renamed to the Coverdell education savings account (Coverdell ESA) in the year 2002.

In the United States of America, a Coverdell education savings account (Coverdell ESA) is a custodial account or trust fund set up for the sole purpose of paying the education expenses for a qualified beneficiary of the account. It covers both the qualified elementary and secondary education (K-12) expenses and qualified higher education expenses.

This ultimately implies that, money from a Coverdell Education Savings Account can be used for K to 12 (K-12) and post-secondary (higher) education expenses.

Basically, the contributions made into a Coverdell education savings account (Coverdell ESA) must be made in cash and cannot be deducted i.e they are not deductible. Also, the total contributions that can be made into all Coverdell ESA on behalf of a qualified beneficiary in a single calendar year cannot exceed $2,000.

You might be interested in
Why is light so important in transporting information?
Alex Ar [27]
Perhaps the most successful way we've been able to use light to transfer information is fiber optics. ... Through rapid changes in the light, you can send highly complex signals down the cable. These are most often used either for high speed internet connections, or for sending sound signals to home theater systems.
6 0
3 years ago
Read 2 more answers
MATH HELP PLEASE!!! THANK YOU
kipiarov [429]

Answer:

This is a cluster because they all have similar values

8 0
3 years ago
Did you know you can get papa johns pizza for only 6.99? *John cena music*
iogann1982 [59]

Answer:

:o NAH I WANT IT FOR FREE 6.99 FOR BREAD TOMATO SAUCE AND CHEESE AND TOPPINGS

Explanation:

5 0
3 years ago
The federal government regulates wheat production in order to maintain interstate trade. Which constitutional clause supports th
scoray [572]
Commerce clause :) hope it helped
4 0
3 years ago
If you want to pay less interest over the life of your loan, you should make a _____ monthly payment.
Dennis_Churaev [7]
20$ monthly payment?
6 0
2 years ago
Other questions:
  • Camila took an interest inventory in her career explorations class. Read her description of the results of the assessment. Which
    11·2 answers
  • What is one reason for a random distribution pattern among a particular species in a community?
    5·1 answer
  • Refer to the excerpt from "A Bachelor's Complaint of the Behavior of Married People". You can infer from the fifth sentence that
    9·1 answer
  • Do you think Forensic science is a good course to take after school and why?I really need your view.
    15·2 answers
  • Can anyone help me with this , please
    14·2 answers
  • Where is the best place in a circuit to find out absolute zero when measuring voltage
    11·2 answers
  • A librarian is curious about the habits of the library's patrons. He records the type of item that the first 10 patrons check ou
    9·2 answers
  • NEED THIS ASAP!!! due 11:59 lol
    9·1 answer
  • The well-bred Swedes of the capital1 are formed on the ancient French model, and they in general speak that language; for they h
    15·1 answer
  • Analyze
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!