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Which of the Following Is Correct for Qualified Tuition Programs

Question 108

Multiple Choice

Which of the following is correct for Qualified Tuition Programs for 2015?


A) Contributions are deductible and qualified educational expense distributions are tax-free.
B) Contributions are not deductible and qualified educational expense distributions are tax-free.
C) Contributions are deductible and qualified educational expense distributions are taxable.
D) Contributions are not deductible and qualified educational expense distributions are taxable.

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