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3 years ago

What is the benefit of a 529 education saving plan?

Business

1 answer:

Fofino [41]3 years ago

7 0

Answer:

The second statement is true.

Explanation:

The school is dependent on what state the 529 is registered with.
Option 3 is not a benefit
529 contributions are made with after tax dollars, only interest earned and distributions are tax deffered.

You might be interested in

Ski resorts are interested in the mean age that children take their first ski and snowboard lessons. They need this information

Setler79 [48]

Answer:

The answer is B: The population is all of the children taking skiing or snowboarding lessons

Explanation:

The population of a group is usually a group having something in common. For a research study, the population is always a large collection of people with a feature. From the population, the sample is selected. For example, all patients with mental disorder in a hospital can be the population, while patient with schizophrenia would be the sample. Thus in the example above, the population is all of the children taking skiing or snowboarding lessons.

3 0

3 years ago

The break-even quantity is a. Fixed Costs/Marginal Cost b. Contribution Margin/Fixed Costs c. Fixed Costs/Price d. Fixed Costs/(

julsineya [31]

Answer:

d. Fixed Costs/(Price – Marginal Costs)

Explanation:

The break-even quantity is the number of units produced and sold at which net income is zero. it is the point at which revenues equals cost.

Break even quantity = Fixed Costs/(Price – Marginal Costs)

or Fixed cost / contribution margin

4 0

4 years ago

A shift from one key to another within the same composition is called

blagie [28]

A shift from one key to another within the same composition is called modulation. It is the act of changing from one tonal center to another. This process can be accompanied with a change in the key signature. There are four type of modulation namely Direct/phrase modulation, pump-up modulation, Truck-driver modulation and Pivot-chord modulation.

8 0

3 years ago

In a statement of cash flows, interest payments to lenders and other creditors should be classified as cash outflows for a. oper

Sonbull [250]

Answer:

The correct answer is letter "A": operating activities.

Explanation:

Operating Activities are the daily processes conducted by a company to generate income. They pertain to the company's core business activity such as sales and manufacturing and they provide most of the cash flow that determines whether a business is profitable.

When it comes to the Financial Statements the situation is not different. Interest payments to lenders and other creditors can be part of the day to day activity of a company. That is the reason why they are recorded in the operating activities section.

3 0

4 years ago

Concord Industries purchased $9,100 of merchandise on February 1, 2020, subject to a trade discount of 10% and with credit terms

marishachu [46]

Answer:

Explanation:

The journal entries are shown below:

a. Merchandise Inventory A/c $8,190

To Accounts payable A/c $8,190

(Being goods purchased on credit)

The computation after applying discount is shown below:

= Purchase amount - purchase amount × trade discount percentage

= $9,100 - $9,100 × 10%

= $9,100 - $910

= $8,190

b. Accounts payable A/c $2,610

To Merchandise Inventory A/c $2,610

(Being goods returned is recorded)

The computation after applying discount is shown below:

= Purchase amount - purchase amount × trade discount percentage

= $2,900 - $2,900 × 10%

= $2,900 - $290

= $2,610

c. Accounts payable A/c Dr $5,580 ($8,190 - $2,610)

To Cash A/c $5,412.60

To Merchandise Inventory A/c $167.40 ($8,190 - $2,610) × 3%

(Being due amount is paid and remaining balance is credited to the cash account)

3 0

4 years ago