1a Which of following statements are true about QTPs (Qualified Tuition Plans)? I. College savings plans guarantee future payments at a college of the owners choice II. College savings plans allow owner to choose the investments III. Prepaid tuition plans guarantee futures payments at a college of the owners choice IV. Prepaid tuition plans allow the owner to choose the investments

a-ii & iv b-ii & iii c-i & iii d-i & iv

1b A person contributes money to a Roth IRA. After realizing that her AGI will be too high to allow Roth IRA contributions, she wants to switch the contribution to the Traditional IRA to avoid paying taxes on the deposit. When is the latest that she can switch the deposit to the traditional IRA without taxes or penalties?

a- When she files her tax forms b-December 31st of the current year c-April 15th of the following year d-December 31st of the following year

1c All of the following are factors in a bond swap except:

a- accrued interest b- coupon rate c- capital loss d-maturity