Which of the following is true?

I. One feature of 529 plans (Qualified Tuition plans) is that you can only contribute if your income is below a certain level

II. One feature of 529 plans (Qualified Tuition plans) is that the contributions are limited to $2,000/yr.

Select one:

a.

I only

b.

II only

c.

I and II

d.

Neither is true

2.

Which of the following is true?

I. One feature of a Coverdell is that you can only contribute if your income is below a certain level

II. One feature of a Coverdell is that contributions are limited to $500/yr. in 2018 and 2019

Select one:

a.

I only

b.

II only

c.

I and II

d.

Neither is true