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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Definitions:

Gay

A term used to describe individuals who are emotionally, romantically, or sexually attracted to people of the same gender.

Bisexual

A sexual orientation describing individuals who are attracted to both men and women.

Transgender

An umbrella term for individuals whose gender identity or gender expression differs from the sex or gender they were assigned at birth.

Equity-Focused

Prioritizing fairness and justice, particularly in social, economic, and health contexts, by acknowledging and addressing systemic inequalities.