7. A bond held by an investor that is uncollectible will be treated as a worthless security and, hence, produce a capital loss. a. True b. False 8. Janet works at Green Company's call center. If Janet's compensation is based on the number of calls she handles, she is an independent contractor a. True b. False 14. Martha invested $6,000 in a qualified tuition program for the benefit of her son. 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