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option answers: Match each of the following college savings alternatives with the appropriate feature. 1. Earnings on account assets are fully taxable when distributed to
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Match each of the following college savings alternatives with the appropriate feature. 1. Earnings on account assets are fully taxable when distributed to pay for qualified educational expenses. 2. The maximum annual contribution to one beneficiary's account is $2,000. 3. Distributions of contributions to pay for expenses are not taxable. 4. Contributions made to the account may be tax deductible at the state level. 5. Distributions used to pay for qualified educational expenses are not tax free if the asset is owned by the person going to college. CESA Roth IRA Savings bonds Taxable savings 529 planStep by Step Solution
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