[Solved] Which of the Following Is Provided by a College Savings

Question 90
Multiple Choice
Question 90

Which of the following is provided by a college savings plan?

A) Tax-deferred growth on earnings, only.
B) Tax-free distributions if the money is used for qualified educational expenses such as tuition, fees, books, equipment, housing, meal plans, and other necessary expenses, only.
C) Both tax-deferred growth on earnings and tax-free distributions if the money is used for qualified educational expenses such as tuition, fees, books, equipment, housing, meal plans, and other necessary expenses.
D) Taxed at the child's marginal tax bracket.

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