A Difference Between a Section 529 Plan and an Educational

question 18

Multiple Choice

A difference between a Section 529 Plan and an Educational Savings Account is that:

• A)The contributions to a Section 529 Plan are not deductible while contributions to an Educational Savings Account are deductible.
• B)The maximum contribution to an Educational Savings Account is $2,000 which is phased out for high-income individuals.The contributions to a Section 529 Plan may be larger than $2,000 and are not phased out for high-income individuals.
• C)Distributions from Section 529 Plans are non-taxable if used for qualified education expenses.The Educational Savings Account distribution is taxable on the earnings portion of the distribution even if used for qualified education expenses.
• D)An Educational Savings Account income exclusion for distributions may be available in the same year as an education credit is claimed,but not if distributions from a Section 529 Plan are also taken.

Understand the types and components of procurement outsourcing contracts.

Identify scenarios where insourcing or outsourcing is beneficial.

Recognize the challenges and concerns associated with outsourcing.

Determine the role of supply managers in developing, negotiating, and managing outsourcing contracts.

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Definitions:

Mean Difference

The average difference between two sets of data points, often used in comparing the means from two samples.

Independent Populations

Populations that have no influence on one another, implying that the selection from one population does not affect the selection from another.

Significance Level

A threshold in hypothesis testing that determines whether the observed results are statistically significant.

Engine Wear

The gradual degradation and wear of engine components due to friction, heat, and use over time, affecting performance and lifespan.