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    Income Tax Fundamentals
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    Exam 2: Gross Income and Exclusions
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    Phillip, a Single Parent, Would Like to Contribute $1,800 to a Coverdell
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Phillip, a Single Parent, Would Like to Contribute $1,800 to a Coverdell

Question 1

Question 1

Essay

Phillip, a single parent, would like to contribute $1,800 to a Coverdell educational savings account for his 10-year-old son. His AGI is $98,000. Calculate the amount of the contribution he can make.

Correct Answer:

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