21. Which of the following is correct for Qualified Tuition Programs? a. Contributions are deductible, and qualified

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21. Which of the following is correct for Qualified Tuition Programs?

a. Contributions are deductible, and qualified educational expense distributions are tax free.

b. Contributions are not deductible, and qualified educational expense distributions are tax free.

c. Contributions are deductible, and qualified educational expense distributions are taxable.

d. Contributions are not deductible, and qualified educational expense distributions are taxable.

LO 5.8

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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Question Posted: Oct 10, 2024 04:00 AM

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21. Which of the following is correct for Qualified Tuition Programs? a. Contributions are deductible, and qualified

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Income Tax Fundamentals 2011

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