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Which of the following statements best describes a characteristic of 529 savings plan accounts?

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Which of the following statements best describes a characteristic of 529 savings plan accounts?

A.

There are no contribution limits to the account.

B.

The number of contributors to the account is limited.

C.

Using funds for undergraduate or graduate studies is permissible.

D.

Earnings are taxed to the donor at the time of a qualified withdrawal.

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