Earnings from Internal Revenue Code Section 529 Plans and Coverdell

question 22

True/False

Earnings from Internal Revenue Code Section 529 plans and Coverdell education savings accounts are excluded from gross income if the earnings are used to pay for qualifying educational expenditures for college students (and not for elementary or secondary education).

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Definitions:

Spatial Intelligence

The capacity to understand and remember the spatial relations among objects.

Mentally Rotating

The cognitive capacity to rotate two-dimensional or three-dimensional objects within one's mind, which is a skill related to spatial visualization and intelligence.

Structured Questioning

A methodical approach to questioning that follows a defined set of rules or format, often used to obtain specific information or insights.

Piaget's Procedures

Research methods developed by Jean Piaget to study cognitive development in children, involving tasks that reveal patterns of thinking and understanding.