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Question 48 5 pt Brandon and Myra are married and have an adjusted gross income of $55,000. They have 2 children, Beth, age 18 and

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Question 48 5 pt Brandon and Myra are married and have an adjusted gross income of $55,000. They have 2 children, Beth, age 18 and Brett, age 20. Both Beth and Brett are full-time students attending the local university. Are Brandon and Myra eligible to take advantage of any education tax credits? If so, which ones, and what is the maximum credit they are allowed? HTML Editore BIVA-AI EX31XX, EE . BCNVVDT 12pt Paragraph - words F4 F5 F5 Which of the following is(are) NOT a type(s) of defined contribution, profit-sharing plan(s)? 1. Target benefit plan II. ESOP III. Thrift plan IV. Money purchase pension plan IV only I and III I and IV ll and IV Question 45 2 pts Which of the following statements describing how qualified plans are similar to SEP plans and SIMPLES Isare) CORRECT? Qualified plans, SEP plans, and SIMPLEs all provide for deferred compensation ILPlan sponsors of SEP plans and SIMPLE IRA plans make contributions to an individual retirement account on behalf of the participant lonly ll only Both and in Neither inori F1 F10 F11

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