Multiple Choice
Which of the following is true with respect to an education incentive?
A) Contributions to Qualified Tuition Programs (Section 529 plans) are deductible.
B) Contributions to education savings accounts (Coverdell ESAs) are deductible.
C) Tuition paid by a taxpayer earning $300,000 of income is deductible.
D) Married taxpayers at any income level may contribute to a Qualified Tuition Program (Section 529 plan) .
Correct Answer:
Verified
Correct Answer:
Verified
Q107: Jim, a single individual, was unemployed for
Q108: Indicate whether each of the items listed
Q109: Mable is a wealthy widow who has
Q110: Geoffrey receives $20,000 from a qualified tuition
Q111: Sam died on January 15, 2011 and
Q113: Disability benefits are generally taxable to the
Q114: Which of the following is generally excluded
Q115: Under a divorce agreement executed in 2017,
Q116: Mary Lou took an $8,000 distribution from
Q117: Karina receives a scholarship of $10,000 to