Series 51: Exercise

Taken from our Series 51 Online Guide

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Exercise

Fill in the blank

1. Contributions to a 529 college savings account may only be made in _____.
2. The contributor is the person who _____ the 529 college savings account.
3. Contributors may withdraw funds from a 529 college savings account for any purpose, but earnings from funds withdrawn for purposes other than qualified education expenses will be taxed and are subject to a _____ penalty fee.
4. The beneficiary of a 529 college savings accoun

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