Sophia has funded an ABLE account for her niece Isabelle who

Sophia has funded an ABLE account for her niece. Isabelle who is disabled. During 2018, Isabelle earned and contributed $2000 and Sophia contributed $15,000. What amount is the savers credit based on for Isabelle? A $0 B $2000 C $ 15,000 D $17000

Solution

Since the limit is $15000 for the year 2018. Correct answer will be the option C $15000.

Savers credit based on for Isabelle will be equal to $15000

Sophia has funded an ABLE account for her niece. Isabelle who is disabled. During 2018, Isabelle earned and contributed $2000 and Sophia contributed $15,000. Wh

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