A customer that earns $300,000 per year wishes to set aside funds for his 12 year old daughter’s future college expenses. Which statements are TRUE?

Insurance

Are you having trouble answering the question “A customer that earns $300,000 per year wishes to set aside funds for his 12 year old daughter’s future college expenses. Which statements are TRUE?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.

A customer that earns $300,000 per year wishes to set aside funds for his 12 year old daughter’s future college expenses. Which statements are TRUE?

I The customer can open a UTMA account for the daughter to deposit the funds

II The customer cannot open a UTMA account for the daughter to deposit the funds

III The customer can open a Coverdell ESA account for the daughter to deposit the funds

IV The customer cannot open a Coverdell ESA account for the daughter to deposit the funds

A. I and III

B. I and IV

C. II and III

D. II and IV

Answer: B.

You should now have gotten the answer to your question “A customer that earns $300,000 per year wishes to set aside funds for his 12 year old daughter’s future college expenses. Which statements are TRUE?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.