Which of the following is true of 529 savings plans?
A) They are mandated by the federal government.
B) They are designed to support the primary education expenses of workers' children.
C) They provide education to employees' children at a subsidized rate.
D) They provide information about the education standards in different colleges to employees to help them enroll their children in better institutions.
E) They allow parents and other family members to defer taxes on the earnings of their deposits.
Correct Answer:
Verified
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