Which of the Following Statements Regarding Qualified Tuition Programs Is

question 81

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)A qualified tuition program may be established by parents or grandparents.
• D)Contributions to a qualified tuition program are distributed tax-free.

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A direct sales approach that involves face-to-face interaction between a salesperson and a potential customer, to persuade the customer to make a purchase.

Frequency Measures

Statistical calculations used to identify the number of times an event occurs within a specified period or dataset.

Promotional Message

A message designed to inform, persuade, or remind target audiences about a product, service, or brand.

Redemption Rates

The rate at which consumers redeem coupons, vouchers, or other promotional offers.