Vanessa and Martin file a joint return for 2020. They have one child age 12. They have combined AGI of $202,000. What is their maximum permitted contribution to a Coverdell Education Savings Account for 2019? a. $0.
b. $800.
c. $1,200.
d. $2,000.

Their maximum permitted contribution to a Coverdell Education Savings Account for 2019 is $1,200 that is Option c.

Explanation:

= $800 is disallowed.

So, $1200 is allowed.

Percentage increase is 87.02%.

Explanation: Percentage increase is calculated by subtracting the value in 2012 from the value of exports in 2011 and then dividing it by the value in year 2011.

a. Subtract value in 2012 from value in 2011

b. Divide the answer in part a by value in 2011.

c. Multiply the answer in part b by 100.

We have the percentage increase.