Which of the Following Is True About Lifelong Learning Accounts

Multiple Choice

Which of the following is true about lifelong learning accounts (LiLAs) ?

A) If an employee leaves the company, the employer will own the account.
B) Employees do not make any contributions to these accounts.
C) Employers will receive a 25 percent tax credit on their contributions to these accounts.
D) Employees can use these accounts to learn skills that are only related to their jobs.