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Please answer this question: Which of the following statements is inapplicable to qualified tuition...

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Accounting

Please answer this question:

Which of the following statements is inapplicable to qualified tuition programs?

Up to $10,000 per year may be used for elementary or secondary school tuition.

There is no income limit for contributors.

Funds may be used for room and board of a student enrolled at least half-time.

Accounts must be set up with the beneficiary's state of residence.

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