Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which statement about the distributions and contri

Which statement about the distributions and contributions to section 529 plans are true the beneficiary...

80.2K

Verified Solution

Question

Accounting

Which statement about the distributions and contributions to section 529 plans are true the beneficiary generally does not have to include the earnings from the plan in the income or the deduction of up to $10,000 per tax year or distribution can be used to pay up to $10,000 and tuition or distribution can be used to pay up the 15,000 per year and qualified student loans

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is the Fundamental Attribution Error and according to the Lecture, what are the steps that...

Psychology
Q

Steel Structures: The rolling process is one of the most frequently used forming processes for producing...

Mechanical Engineering
Q

Between years 1982 and 1992, McDonalds has had more then 700 claims by people burned by...

General Management
Q

Tutorial Exercise Find the derivative of the function without using the Quotient Rule 12 13x...

Basic Math
Q

According to a Pew Research Center study, in May 2011, 35% of all American adults...

Basic Math
Q

lim f x 0 lim g x 0 x a b c lim p x...

Calculus
Q

Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of...

Accounting
Q

A Government levied $500,000 in special assessments. The assessments are due and payable in equal...

Accounting
Q

a-1 What is the par value of the company's ordinary shares? ...

Accounting
Q

Compute break-even point and margin of safety ...

Accounting
Q

Tableau DA 3-2 (Static): Exercise, Computing cost per equivalent unit and assigning costs to output...

Accounting
Q

Which of the following is the most serious limitation to financial statement analysis of publicly...

Accounting