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.

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Definitions:

Tertiary Sector

represents the part of the economy concerned with services, as opposed to the extraction of raw materials or manufacturing.

Economy

The organized system of human activity involved in the production, consumption, and distribution of goods and services within a certain area or country.

Dishwasher

A machine used for automatically washing dishes and utensils.

Delivery Driver

A person employed to transport and deliver goods, packages, or food to various destinations, often requiring navigation skills and customer interaction.