h of the following statements is inapplicable to qualified tuition programs? Up to $10,000 per year may be used for elementary or secondary school tuition. There is no income limit for contributors. Funds may be used for room and board of a student enrolled at least half-time. Accounts must be set up with the beneficiary's state of residence.
h of the following statements is inapplicable to qualified tuition programs? Up to $10,000 per year may be used for elementary or secondary school tuition. There is no income limit for contributors. Funds may be used for room and board of a student enrolled at least half-time. Accounts must be set up with the beneficiary's state of residence.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following statements is inapplicable to qualified tuition programs?
Up to $10,000 per year may be used for elementary or secondary school tuition.
There is no income limit for contributors.
Funds may be used for room and board of a student enrolled at least half-time.
Accounts must be set up with the beneficiary's state of residence.
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