Which of the Following Is Correct for Qualified Tuition Programs

question 44

Multiple Choice

Which of the following is correct for Qualified Tuition Programs?

• 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:

College Degree

A degree conferred by higher education institutions to students who have shown proficiency in a particular area of study or professional field after finishing a prescribed program.

Deindustrialization

A social and economic change resulting from the reduction of industrial activity, especially manufacturing.

Social Change

Alterations in the social structure and cultural values of a society over time.

Industrial Activity

Economic activities related to the production of goods and services in sectors such as manufacturing, mining, and construction.