Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 75 ?of 100.all of the following would gen

Question 75 ?of 100.All of the following would generally be considered a qualified, nontaxable distribution...

50.1K

Verified Solution

Question

Accounting

Question 75 ?of 100.
All of the following would generally be considered a qualified, nontaxable distribution from a Section 529 ?plan EXCEPT:
A $12,000 ?distribution used to pay room and board for a beneficiary living in a dorm while they are enrolled as a full-time student at a state university.
? ?A $10,000 ?distribution used to pay tuition for a beneficiary at a state university.
? ?An $8,000 ?distribution used to pay tuition for a beneficiary at a private elementary school.
A $2,000 ?distribution used to pay travel expenses for a beneficiary enrolled as a full-time student at a college located in another state.
Mark for follow up
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students