Which of the Following Is Correct for Qualified Tuition Programs

question 108

Multiple Choice

Which of the following is correct for Qualified Tuition Programs for 2015?

• A)Contributions are deductible and qualified educational expense distributions are tax-free.
• B)Contributions are not deductible and qualified educational expense distributions are tax-free.
• C)Contributions are deductible and qualified educational expense distributions are taxable.
• D)Contributions are not deductible and qualified educational expense distributions are taxable.

---

Definitions:

Functional

Pertaining to the practical or utilitarian use of something, often emphasizing how something works or operates within a system or organization.

Independent

Free from external control or influence; capable of thinking or acting for oneself.

Synthetic Thinking

The ability to put together separate pieces of information, concepts, or ideas to form a cohesive whole or new insights.

Systems Theorists

Scholars who study the interrelated components of systems, focusing on how parts interact within a whole.