Solved

Which of the Following Is Provided by a College Savings

Question 93

Multiple Choice

Which of the following is provided by a college savings plan?


A) Tax-deferred growth on earnings, only.
B) Tax-free distributions if the money is used for qualified educational expenses such as tuition, fees, books, equipment, housing, meal plans, and other necessary expenses, only.
C) Both tax-deferred growth on earnings and tax-free distributions if the money is used for qualified educational expenses such as tuition, fees, books, equipment, housing, meal plans, and other necessary expenses.
D) Taxed at the child's marginal tax bracket.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents