Benjamin and Ester file a joint return and have AGI of $165,000. Both are active participants in their employer's pension plan. They have one child, Emily, who is age 8. Emily's grandparents contributed $1,000 to a Coverdell Education Savings Account for Emily in 2018. What is the maximum permitted Coverdell Education Savings Account contribution that Benjamin and Ester can make in 2018?
A. $5,500.
B. $2,000.
C. $0.
D. $1,000.
Answer: D
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