Martha Participated in a Qualified Tuition Program for the Benefit

question 38

Multiple Choice

Martha participated in a qualified tuition program for the benefit of her son. She invested $6,000 in the fund. Four years later her son withdrew $8,000, the entire balance in the program, to pay his college tuition.

• A) Martha is not required to include the $2,000 ($8,000 - $6,000) in her gross income when the funds are used to pay the tuition.
• B) Martha's son must include the $2,000 ($8,000 - $6,000) in his gross income when the funds are used to pay the tuition.
• C) Martha must include $8,000 in her gross income.
• D) Martha's son must include $8,000 in his gross income.
• E) None of these.

Comprehend the legal criteria for liability in cases involving accidents, defective products, or harmful substances.

Distinguish between different types of torts and understand their applicability in various legal scenarios.

Grasp the concept of strict liability and circumstances under which it would apply.

Understand the principles surrounding contributory negligence and voluntary assumption of risk.

---

Definitions:

Affirmative-Action Plan

A strategy aimed at increasing opportunities for historically socio-politically disadvantaged groups in employment, education, and business sectors.

Workforce Composition

The demographic makeup of employees in an organization, including diversity in gender, ethnicity, age, and other factors.

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places that are open to the general public.

Major Life Activity

Major life activity refers to actions considered essential for daily living, such as walking, eating, and sleeping, often discussed in the context of disability rights.