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Earnings from Internal Revenue Code Section 529 Plans and Coverdell

question 32

True/False

Earnings from Internal Revenue Code Section 529 plans and Coverdell education savings accounts are excluded from gross income as long as the earnings are used to pay for qualifying educational expenditures.

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Definitions:

Hemolysis

The rupture or destruction of red blood cells, which releases hemoglobin into the surrounding fluid.

Capillary Blood

Blood that circulates within the tiny, narrow vessels known as capillaries in the body's tissues.

Warm Compress

A therapeutic application of warmth to a specific area of the body to alleviate pain, inflammation, or stiffness.

Antecubital Area

The inner surface of the forearm when the elbow is flexed, a common site for venipuncture.

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