8 of 20 For any person who's considering whether to contribute to a...
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of For any person who's considering whether to contribute to a college savings plan, each of the following statements are TRUE, EXCEPT: A Withdrawals that are used for qualified educational purposes are not subject to federal taxation. B There are no income limits placed on contributors, but contributions may subject them to gift tax. The beneficiary must be a relative by blood of the donor. A married couple may make a lumpsum contribution of up to $ without incurring federal gift tax. 
of
For any person who's considering whether to contribute to a college savings plan, each of the
following statements are TRUE, EXCEPT:
A Withdrawals that are used for qualified educational purposes are not subject to federal taxation.
B There are no income limits placed on contributors, but contributions may subject them to gift tax.
The beneficiary must be a relative by blood of the donor.
A married couple may make a lumpsum contribution of up to $ without incurring federal gift tax.
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