What is an advantage of a 529 College Savings Plan?
A) Earnings withdrawn from a 529 College Savings Plan are never taxed
B) Though earnings withdrawn from a 529 College Savings Plan are always taxed, you can deduct contributions while saving
C) Earnings withdrawn from a 529 College Savings Plan are not taxed, as long as they are used for qualified education expenses
D) Only half the earnings withdrawn from a 529 College Savings Plan are taxed
Correct Answer:
Verified
Q2: If a client has a child, what
Q3: When planning for education financing, what should
Q4: Of the following, what should you never
Q5: What formula should you use to determine
Q6: Which of the following is a savings
Q8: What is the amount of additional tax
Q9: Which of the following is true regarding
Q10: What is a disadvantage of a Crummey
Q11: How do most full-time undergraduate students pay
Q12: How do you find the amount of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents