Question
With regards to the Qualified Tuition Program, which of the following is FALSE? All students are designated beneficiaries of a QTP, and distributions occurred in
With regards to the Qualified Tuition Program, which of the following is FALSE? All students are designated beneficiaries of a QTP, and distributions occurred in 2020:
A. Ethan can take a distribution of up to $10,000 to pay down his student loan principal.
B. Grace can take a distribution of $6,500 to pay her student loan interest.
C. John can take a distribution of up to $j10,000 to help his stepbrother, Chris, pay student loan interest and/or principal.
D. Samantha can use up to $10,000 to help pay principal and/or interest on her cousin Frederick's student loan.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
