A Contributor to a Section 529 Plan Cannot

question 33

Multiple Choice

A contributor to a Section 529 plan cannot:

• A) Replace a plan beneficiary with a new one
• B) Contribute to a 529 plan if their adjusted gross income exceeds the threshold cap for the particular year
• C) Rollover funds from one state's program to another
• D) Claim the Hope Scholarship credit

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Definitions:

Gutsy

Displaying courage, bravery, and a willingness to take bold risks.

Oil and Gas Exploration

The process of searching for underground or underwater deposits of oil and gas, involving geological surveys and drilling.

Security Risks

Potential threats that could result in unauthorized access, damage, or destruction to an organization's assets, including data, systems, and physical property.

Extraversion

A personality trait characterized by outgoingness, high energy, and positive emotions towards social interactions and activities.