Which of the Following Is True About Lifelong Learning Accounts

question 19

Multiple Choice

Which of the following is true about lifelong learning accounts (LiLAs) ?

• A) If an employee leaves the company, the employer will own the account.
• B) Employees do not make any contributions to these accounts.
• C) Employers will receive a 25 percent tax credit on their contributions to these accounts.
• D) Employees can use these accounts to learn skills that are only related to their jobs.

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