Which of the Following Statements Regarding Qualified Tuition Programs Is

question 68

Multiple Choice

Which of the following statements regarding qualified tuition programs is incorrect?

• A) Distributions from income earned by a qualified tuition program are tax- free if used for qualified higher education expenses.
• B) Distributions of income are taxed to the donor if the proceeds are not used for higher education expenses.
• C) Contributions to a qualified tuition program are distributed tax- free.
• D) A qualified tuition program may be established by parents or grandparents.

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Definitions:

Responsiveness

The ability of a company or organization to quickly and effectively respond to customer needs, changes in the market, or operational challenges.

Key Success Factor

Critical elements or factors that are essential for an organization to achieve its business objectives and be successful.

Core Competency

Fundamental strength or advantage that a business possesses, central to its operations and critical to its long-term success.

Key Success Factors

Critical elements or factors required for an organization to achieve its business goals and objectives.