1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nevsk [136]
3 years ago
13

Which of the following is a characteristic of the 529 plan that makes it different from the Coverdell Education Saving Account?

Business
2 answers:
BARSIC [14]3 years ago
3 0
A: There is no age limit for disbursement of funds
SOVA2 [1]3 years ago
3 0

The correct answer is A. There is no age limit for disbursement of funds.

Both 529 and coverdell are tax advantaged savings which are designed so as to encourage people to save for future education.

In 529, funds can be used to pay expenses which are needed in the college or which are associated with institution of post secondary training.

In coverdell in allows money grow to tax deferred where by it can go up to to be withdrawn without paying any tax for those who qualify expenses to the institutions which are qualified.

Some differences of coverdell to 529 include; In coverdell there is age limit, they have contribution age limit, they have maximum contribution limit, and income of donor levels affects contributions.

You might be interested in
What kind of psychologist would someone who is dealing with the loss of a loved one most likely visit?
aliina [53]

Answer:

Counseling psychologist

Explanation:

I just took the test! Good luck :)

8 0
3 years ago
The information economy embodies the ____________ sector of a nation's economy.
sineoko [7]
Hello!

The correct answer for the blank is: Quaternary.

I really hope this helped you out! :)
5 0
3 years ago
Including scholarships and financial aid, Alex has $32,000 to spend on college. If the total cost of his college education is __
Paraphin [41]

If the total cost of his college education is 30,000, he will have enough resources to pay.

7 0
3 years ago
Read 2 more answers
Select the things are considered psychological influences on the purchase decision process?
alukav5142 [94]

The things are considered psychological influences on the purchase decision process:

  • learning
  • value
  • beliefs
  • attitudes

<h3>What is referred to as the purchase decision?</h3>

This is the term that is used to refer to all of the ways that the person that would have to use a product would end up getting the product that they want to fulfill a particular need. It is what can be used to describe the drivers of their purchases.

In the stage of making a purchase decision. the person that is the consumer would have formed the intention that they want to buy a particular brand of product. This is the fourth stage that is is the consumer decision process.

Hence we can say that the things are considered psychological influences on the purchase decision process:

  • learning
  • value
  • beliefs
  • attitudes

Read more on purchase decision here: brainly.com/question/7029808

#SPJ1

8 0
8 months ago
Two methods of accounting for uncollectible accounts are the
aliya0001 [1]

Answer:

Correct option is (d)

Explanation:

An account is termed uncollectible if they are not expected to be paid. There are two methods to write off these accounts:

1. Direct write off method: In this, the account recognized at uncollectible is directly charged to profit and loss account as an expense.

2. Allowance method: Under this method, a provision for doubtful debt is created where anticipated bad debts are charged. When an account needs to be written off, doubtful debt is debited and accounts receivables are credited.

3 0
3 years ago
Read 2 more answers
Other questions:
  • The daily demand for parts from a machining workcell JMB to an assembly workcell is 1,600 units. The average processing time is
    11·1 answer
  • Regal Financial Institution specializes in home loans. What type of financial institution is it? savings and loan bank credit un
    10·2 answers
  • If there is a substantial increase in bad debts, what might this mean?
    10·1 answer
  • Bob's Warehouse has a pre-tax cost of debt of 8.4 percent and an unlevered cost of capital of 14.6 percent. The firm's tax rate
    15·1 answer
  • NASA is a government organization independent from the executive departments but with a narrower focus on space science and mann
    14·1 answer
  • Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $250,000; Patents and copyrights = $720
    6·1 answer
  • An invoice, with payment terms of 6/10, n/30, was issued on april 28 for $230.00. if the payment was made on may 12, the amount
    7·1 answer
  • About COMM101
    11·1 answer
  • is the sum of all the values that customers exchange for the benefits of having or using a product or service.
    12·2 answers
  • Question 6 Paige Company estimates that unit sales will be 11,100 in quarter 1, 12,300 in quarter 2, 14,500 in quarter 3, and 18
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!