Homework Answers
Answer:
Correct answer is:
a. UGMA account.
Explanation:
Both lifetime learning credit and American Opportunity fund has AGI thresholds and parents income over $200,000 cannot take the credit.
Series EE bonds do not provide tax free treatments beyond MAGI threshold limits.
UGMA account does not have any income or contribution limits.
Hence option a is correct and other options b, c and d are incorrect.
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