I believe the answer to this question is D and E. I could be incorrect, but I hope this helped!
Answer
Its 12 months
Explanation
According to IRS, it allows for a single tax-free rollover of a 529 account per beneficiary in a 12-month period. This 12 month rule should not be violated because it can result to a 10% penalty on the earnings. However, transfers across siblings are not considered rollovers.
Answer:
y = 156 when x = 12
Explanation:
<em>y</em> varies directly with <em>x</em>: y = kx
Step 1: Plug in variables
65 = 5k
Step 2: Solve for <em>k</em>
<em>k</em> = 13
Step 3: Plug in other variables (new)
y = 13(12)
y = 156
