For Married Taxpayers Filing a Joint Return in 2015, at What

question 60

Multiple Choice

For married taxpayers filing a joint return in 2015, at what AGI level does the phase-out limit for contributions to Qualified Tuition Programs (Section 529 plans) start?

• A)$150,500
• B)$188,150
• C)$225,750
• D)There is no phase-out limit on Qualified Tuition Program contributions.

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Definitions:

Bolting

The process of fastening parts together using bolts.

Uncoupling

The process of separating two components that were joined or connected, commonly used in the context of railcars or trailers.

Trailer Parking Brakes

A braking system designed specifically for trailers to prevent them from rolling when parked or during hitching and unhitching operations.

5th Wheel Locks

Mechanical devices designed to secure the fifth wheel coupling on a tractor-trailer, preventing unauthorized detachment of the trailer.