Series 7 - General Securities Representative Exam
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How much is the maximum that an individual can contribute to a 529 plan in 2020, when electing to spread the contribution over a 5 year period?
$50,000
A
$75,000
B
$25,000
C
$15,000
D
Explanations
The 5 year election allows for individuals to contribute a maximum of $75,000 to a 529 plan in 2020