Which of the following is not a correct characteristic of a Coverdell Education Savings Account?
A)
It may be used to fund an elementary or primary school education.
B)
The child will not owe taxes on any withdrawal made to pay for qualified educational expenses.
C)
There is a 10% penalty on early withdrawals before the child reaches age 17.
D)
The amounts deposited in an Education IRA are not tax deductible.
C
Business
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Indicate whether the statement is true or false.
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What factor would most likely increase the negative impact of an arbitration session?
A) limited options of the arbitrator B) heavy-handedness of the arbitrator C) compulsory nature of the arbitration D) voluntary nature of the arbitration E) establishment of an agreement that is nonbinding
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