Charlie is a single taxpayer with income of 107000 which, Ask an Expert

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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, Accounting

Category:- Accounting Basics
Reference No.:- M946564

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