Which of the following accounts has special tax advantages under certain conditions when used to fund qualified college education expenses? Group of answer choices certificate of deposit money market mutual fund U.S. Treasury bill US EE savings bonds

Which of the following accounts has special tax advantages under certain conditions when used to fund qualified college education expenses? Group of answer choices certificate of deposit money market mutual fund U.S. Treasury bill US EE savings bonds

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 4QY

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Question

Which of the following accounts has special tax advantages under certain conditions when used to fund qualified college education expenses?

Group of answer choices

certificate of deposit

money market mutual fund

U.S. Treasury bill

US EE savings bonds

Definition Definition Financial market that deals in securities or assets that are short-term in nature. The money market is responsible for keeping up the liquidity of the businesses and the organizations. These securities are usually held for a period of 12 months or less and are issued by institutions that require cash or funds for their short-term cash flow requirements. The money market is regulated by the federal government.

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