Where do Funds left over from a 529 plan after all college expenses have been paid go?

Where do Funds left over from a 529 plan after all college expenses have been paid go?
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How do I apply for a 529 college savings plan?

Description : How do I apply for a 529 college savings plan?

Last Answer : Applying for a 529 college savings plan can be very difficult for most people to do since it is based on credit. The best way to apply is to simply contact your bank and ask for a credit application.

Where can I go to get some information on my 529 plan?

Description : Where can I go to get some information on my 529 plan?

Last Answer : If you need information on a 529 plan you already have then you need to contact the bank that you have the account with. If you need info on 529 plans, then you can talk to a financial planner and your bank or an accountant. You can also check out www.savingforcollege.com/

A limited company makes a net profit of Rs. 2,00,000 after writing off preliminary expenses amounting to Rs. 20,000 and providing for depreciation on assets amounting to Rs. 40,000 and gain of Rs. 10,000 on sale of a piece of machinery. What are the funds from operation ? (A) Rs. 2,00,000 (B) Rs. 2,40,000 (C) Rs. 2,50,000 (D) Rs. 2,60,000

Description : A limited company makes a net profit of Rs. 2,00,000 after writing off preliminary expenses amounting to Rs. 20,000 and providing for depreciation on assets amounting to Rs. 40,000 and gain of Rs. 10,000 on sale of a piece of ... 2,00,000 (B) Rs. 2,40,000 (C) Rs. 2,50,000 (D) Rs. 2,60,000

Last Answer : Answer: Rs. 2,50,000

Can 529 college savings plans be used on out of state schools?

Description : Can 529 college savings plans be used on out of state schools?

Last Answer : Yes, 529 plans can be used for colleges that are located out of state. You can live in one state, invest in a second, and then pay to a school in a third even.

Are 529 college savings plans for both out of state and in state colleges?

Description : Are 529 college savings plans for both out of state and in state colleges?

Last Answer : Educational institutions can offer a 529 prepaid plan but not a 529 savings plan (the private-college Independent 529 Plan is the only institution-sponsored ...Educational institutions can offer a ... 529 savings plan (the private-college Independent 529 Plan is the only institution-sponsored ...

Benefits of a 529 Savings Plan?

Description : Benefits of a 529 Savings Plan?

Last Answer : If you are unaware, a 529 savings plan is a plan set up to invest money that will be used for college in the future. A 529 savings plan has several benefits. Perhaps the most well known reasons ... of the plans do not require you to make minimum monthly payments either. It is possible to set one

If You Have Children You Need A 529 Savings Plan?

Description : If You Have Children You Need A 529 Savings Plan?

Last Answer : The cost of college tuition and related expenses is always onthe rise. One of the best ways to offset this expense is to investinto a 529 savings plan. A 529 plan is an investment account ... for the plans are set forth by the Internal RevenueService. Most plans offer incentives if the money is

What are the requirements of a 529 savings plan?

Description : What are the requirements of a 529 savings plan?

Last Answer : There aren't any requirements to get started. If you want to have your plan at a specific school, talk to a school officer to get started. If you want to start a general plan, talk to an authorized financial adviser in your state.

Could you explain how a 529 savings plan works?

Description : Could you explain how a 529 savings plan works?

Last Answer : A 529 Plan is an education savings plan operated by a state or educational institution designed to help families set aside funds for future college costs.

What information can you give me on a 529 savings plan?

Description : What information can you give me on a 529 savings plan?

Last Answer : 529 Savings plans are designed to help someone save for college. Most 529 plans are state sponsored.

Can a 529 Plan be transfered to the Coverdell Education Saving account?

Description : Can a 529 Plan be transfered to the Coverdell Education Saving account?

Last Answer : If you move money from a 529 account into a Coverdell Education Savings Account, you pay taxes and a penalty. It is only tax free if you move money FROM a Coverdell ESA to a 529 plan.

What is the benefit of a 529 savings plan?

Description : What is the benefit of a 529 savings plan?

Last Answer : The 529 plan has two types of plans, either the savings plan or the prepaid plan. The 529 plan lets you save for your child's education a lot easier. The 529 plan let's you save for many different colleges.

How much should I aim to save with a section 529 plan?

Description : How much should I aim to save with a section 529 plan?

Last Answer : A section 529 plan is a great way to save for your child's future. Since tuition increases each year, it is hard to estimate how much an education will cost in 18 years. It is recommend by this ... put in as much as you can into the plan. www.kidsvt.com/education/penny-wise-saving-higher-education/.

Who can tell me what is a 529 plan?

Description : Who can tell me what is a 529 plan?

Last Answer : Basically a 529 plan is a savings plan set up to help you save money for your children or grandchild's college future. I always say make a plan as early as you can. Start when there ... help you understand the 529 plan better. http://www.savingforcollege.com/intro_to_529s/what-is-a-529-plan.php

How To Distinguish Between A 529 Plan And A Coverdell Account?

Description : How To Distinguish Between A 529 Plan And A Coverdell Account?

Last Answer : While the 529 Savings Plan has become almost synonymous with college education savings, far fewer people are aware of another option that is available for the same goal - the Coverdell Education Savings ... each individual state. Each state chooses a company (or companies) to work with to provide

A 529 plan apex?

Description : A 529 plan apex?

Last Answer : answer: provides savings for a future college costs.

A 529 plan apex?

Description : A 529 plan apex?

Last Answer : answer: provides savings for a future college costs.

What is working capital? a. The funds needed for the day to day running of the company b. The cash on hand at the end of the day c. Profits less current liabilities d. The amount of funds a company needs to run indefinitely e. Total sales less total expenses

Description : What is working capital? a. The funds needed for the day to day running of the company b. The cash on hand at the end of the day c. Profits less current liabilities d. The amount of funds a company needs to run indefinitely e. Total sales less total expenses

Last Answer : a. The funds needed for the day to day running of the company

Gross profit are Rs.50,000 and expenses not result in the application of funds are Rs.10000 funds from operation will be a) Rs.60000 b) Rs.50000 c) Rs. 40000 d) Rs. 30000

Description : Gross profit are Rs.50,000 and expenses not result in the application of funds are Rs.10000 funds from operation will be a) Rs.60000 b) Rs.50000 c) Rs. 40000 d) Rs. 30000

Last Answer : a) Rs.60000

To arrive at funds from operation ,non-cash expenses must be added to---------- a) Net profit b) Gross profit c) Operating profit d) None of these

Description : To arrive at funds from operation ,non-cash expenses must be added to---------- a) Net profit b) Gross profit c) Operating profit d) None of these

Last Answer : a) Net profit

A commission or fee paid, when an agent or an individual sells an investment such as mutual funds or annuity is known as _________ A. Redemption fee B. Service Charge C. Regressive tax D. Sales tax

Description : A commission or fee paid, when an agent or an individual sells an investment such as mutual funds or annuity is known as _________ A. Redemption fee B. Service Charge C. Regressive tax D. Sales tax

Last Answer : A. Redemption fee Explanation: A mutual fund redemption fee, also referred to as a -market timing fee , or -short-term trading fee , is a charge by a mutual fund company to discourage investors from ... (i.e. a purchase, typically a transfer, followed by a sale within a short period of time).

In Bank‟s balance sheet, which of the following is an asset? A. Its paid up capital B. Its saved deposits C. Its instrument in government securities D. Its accumulated Reserve Funds E. Its Current Deposits

Description : In Bank‟s balance sheet, which of the following is an asset? A. Its paid up capital B. Its saved deposits C. Its instrument in government securities D. Its accumulated Reserve Funds E. Its Current Deposits

Last Answer : C. Its instrument in government securities Explanation: Bank assets comprises cash, money at short notice, bills and securities discounted, bank‘s investments in government securities, loans sanctioned by the bank.

The paid up capital and collected funds of scheduled bank must not be less than _________ A. Rs. 10 lakh B. Rs. 20 lakh C. Rs. 15 lakh D. Rs. 5 lakh E. None of the Above

Description : The paid up capital and collected funds of scheduled bank must not be less than _________ A. Rs. 10 lakh B. Rs. 20 lakh C. Rs. 15 lakh D. Rs. 5 lakh E. None of the Above

Last Answer : D. Rs. 5 lakh Explanation: Banks under in the second schedule of RBI Act, 1934 are called scheduled bank.To qualify as a scheduled bank, the paid up capital and collected funds of the bank must ... for loans from the Reserve Bank of India at bank rate, and are given membership to clearing houses.

Provisions for the special education of retarded and handicapped children is usually financed by Options: A) Local funds with the usual state aid B) Special state fund C) Local funds with special state aid D) Local and state funds with special assessment to be paid by parent or charitable organizations

Description : Provisions for the special education of retarded and handicapped children is usually financed by Options: A) Local funds with the usual state aid B) Special state fund C) Local funds with special ... D) Local and state funds with special assessment to be paid by parent or charitable organizations

Last Answer : C) Local funds with special state aid 

Would you rather have a boring job that paid well but was not challenging, or an exciting job that only covered your basic expenses and was stimulating?

Description : Would you rather have a boring job that paid well but was not challenging, or an exciting job that only covered your basic expenses and was stimulating?

Last Answer : answer:Boring job that paid well. If I have money I can entertain myself perfectly well the 16 hours a weekday and 48 hour weekends. I never felt like I had to have a lot of fun' at work. I ... it because I was young and idealistic and had too much empathy for the kids. It was low paying, though!

You've won an all-expenses-paid trip to anywhere in the world. Where are you going? Wait - there's a catch...

Description : You've won an all-expenses-paid trip to anywhere in the world. Where are you going? Wait - there's a catch...

Last Answer : Ukraine. I am definitely familiar with the language, but the biggest factor in my decision would be seeing family that I miss.

Would you smash with your fist the last of a rare species of butterfly for an all-expenses-paid trip for two weeks to a location of your choice?

Description : Would you smash with your fist the last of a rare species of butterfly for an all-expenses-paid trip for two weeks to a location of your choice?

Last Answer : ummmm NO

(i) Software expenses paid for the installation of the computer should be debited to Software A/c.

Description : (i) Software expenses paid for the installation of the computer should be debited to Software A/c.

Last Answer : Do you agree or disagree with the following statement: (i) Software expenses paid for the ... . (v) Return Inwards means purchase return.

Expenses are paid before it is due.

Description : Expenses are paid before it is due.

Last Answer : Write one word/term or phrase which can substitute each of the following statements : (i) ... Account prepared to know Net Profit or Net Loss.

Income and expenses for the year 2012 are– Fee Received in Cash – Rs.24,000 Accrued Fee – Rs.6,000 Rent for Chamber Paid – Rs.6,000 Outstanding Rent – Rs.2,000 Salary Paid to Staff – Rs.6,000 Miscellaneous Expenses Paid – Rs.200 Salary paid in advance to staff included in the above : Rs. 1,000. What is the income under accrual basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000

Description : Income and expenses for the year 2012 are- Fee Received in Cash - Rs.24,000 Accrued Fee - Rs.6,000 Rent for Chamber Paid - Rs.6,000 Outstanding Rent - Rs.2,000 Salary Paid to Staff - Rs.6,000 Miscellaneous Expenses Paid - Rs. ... basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000

Last Answer : Answer: Rs. 13,200

Freight costs paid by a seller on merchandise sold to customers will cause an increase a. in the selling expense of the buyer. b. in operating expenses for the seller. c. to the cost of goods sold of the seller

Description : Freight costs paid by a seller on merchandise sold to customers will cause an increase a. in the selling expense of the buyer. b. in operating expenses for the seller. c. to the cost of goods sold of the seller

Last Answer : b. in operating expenses for the seller.

When liquidation expenses is paid and borne by seller company then it is debited to_____ (A) Bank A/c (B) Goodwill A/c (C) Realisation A/c (D) Capital Reserve A/c.

Description : When liquidation expenses is paid and borne by seller company then it is debited to_____ (A) Bank A/c (B) Goodwill A/c (C) Realisation A/c (D) Capital Reserve A/c.

Last Answer : (C) Realisation A/c

Which of the following cannot be treated as revenue expenditure? A. Cost of goods purchased for resale. B. Wages paid for the erection of plant and machinery. C. Obsolescence cost. D. Expenses incurred by way of repairs of existing assets which do not in any way add to their earning capacity.

Description : Which of the following cannot be treated as revenue expenditure? A. Cost of goods purchased for resale. B. Wages paid for the erection of plant and machinery. C. Obsolescence cost. D. Expenses incurred by way of repairs of existing assets which do not in any way add to their earning capacity.

Last Answer : B. Wages paid for the erection of plant and machinery.

When liquidation expenses is paid and borne by seller company then it is debited to _______ (A) Bank A/c (B) Goodwill A/c (C) Realisation A/c (D) Capital Reserve A/c.

Description : When liquidation expenses is paid and borne by seller company then it is debited to _______ (A) Bank A/c (B) Goodwill A/c (C) Realisation A/c (D) Capital Reserve A/c.

Last Answer : (C) Realisation A/c

Can my sister open a 529 for our niece?

Description : Can my sister open a 529 for our niece?

Last Answer : answer:Yes you can. You retain control of the money as well. If the child does not go to college, you, within some states and certain plans, should be able to roll that money ... to double check my information: http://money.howstuffworks.com/personal-finance/college-planning/financial-aid/529.htm

What is the value of 3 in 304 687 921 529?

Description : What is the value of 3 in 304 687 921 529?

Last Answer : million

Where can I find some tips regarding 529 savings plans?

Description : Where can I find some tips regarding 529 savings plans?

Last Answer : The 529 college savings plan is an excellent tool for saving for your children's future. Financial guru, Clark Howard, offers numerous tips on 529 plans on his website at www.clarkhoward.com. Look ... savings program. You can find more information at http://www.sec.gov/investor/pubs/intro529.htm.

729 656 595 ? 494 a) 540 b) 530 c) 500 d) 529 e) 541

Description : 729 656 595 ? 494 a) 540 b) 530 c) 500 d) 529 e) 541

Last Answer : Difference of Difference 9. Answer: a)

The work was directed by Tribonian from 529 to 534. Originally planned as three parts (Code, Digest and Institutes), further additions are now considered as a fourth part (Novels). The present name was only adopted in 1583 when it was printed by Dionysius Gothofredus. What?

Description : The work was directed by Tribonian from 529 to 534. Originally planned as three parts (Code, Digest and Institutes), further additions are now considered as a fourth part (Novels). The present name was only adopted in 1583 when it was printed by Dionysius Gothofredus. What?

Last Answer : Corpus Juris Civilis. (Also accept Code of Justinian.)

California Jellies: Any special tips for college funds for kids?

Description : California Jellies: Any special tips for college funds for kids?

Last Answer : There is no tax advantage for starting a 529 plan in California. I recommend using Iowa or Utah’s 529 plan. My wife and I used College Savings Iowa for our daughter. We used it because it uses Vanguard index funds which are low cost.

If there are limited government funds where would you rather see the money spent on the early years like Head Start or on High School, College, and even Vocation School?

Description : If there are limited government funds where would you rather see the money spent on the early years like Head Start or on High School, College, and even Vocation School?

Last Answer : I don’t think age is as much of a factor as poverty. Government resources should be directed to poor schools that need help the most.

How to Obtain an Unsecured Personal Loan to Pay for College Expenses?

Description : How to Obtain an Unsecured Personal Loan to Pay for College Expenses?

Last Answer : If you need additional money for college, consider applying for an unsecured personal loan. Many students utilize personal loans to help pay for their college education. Even if you currently receive federal ... on your credit report, the lender may be hesitant to approve your loan application. So,

Where can you apply for grants to help pay for college expenses?

Description : Where can you apply for grants to help pay for college expenses?

Last Answer : You can apply for grants to help pay for college expenses. You can go to www.collegescholarships.org/grants/ or www.studentgrants.org/federal/ to find grants for college expenses.

DO Funds become at risk for reprogramming when they are not expended according to the spending plan?

Description : DO Funds become at risk for reprogramming when they are not expended according to the spending plan?

Last Answer : Yes

Are mutual funds able to be held in a registered retirement savings plan?

Description : Are mutual funds able to be held in a registered retirement savings plan?

Last Answer : A registered retirement account can invest in stocks, bonds and mutual funds.

Which one of the following statements is not correct about the University Grants Commission (UGC)? (A) It was established in 1956 by an Act of Parliament. (B) It is tasked with promoting and coordinating higher education. (C) It receives Plan and Non-Plan funds from the Central Government. (D) It receives funds from State Governments in respect of State Universities

Description : Which one of the following statements is not correct about the University Grants Commission (UGC)? (A) It was established in 1956 by an Act of Parliament. (B) It is tasked with promoting ... from the Central Government. (D) It receives funds from State Governments in respect of State Universities

Last Answer : (D) It receives funds from State Governments in respect of State Universities

What is a plan that covers all qualified higher education expenses?

Description : What is a plan that covers all qualified higher education expenses?

Last Answer : Feel Free to Answer

How did the Britain plan to pay the huge expenses of the french and Indian war?

Description : How did the Britain plan to pay the huge expenses of the french and Indian war?

Last Answer : Taxes were imposed on a number of items, including sugar, legaldocuments and tea. Stamps were issued to be affixed onto the legaldocuments and newspapers. Beginning in 1765, protests at the taxesand stamps began to mount in the colonies.

How did the Britain plan to pay the huge expenses of the french and Indian war?

Description : How did the Britain plan to pay the huge expenses of the french and Indian war?

Last Answer : Taxes were imposed on a number of items, including sugar, legaldocuments and tea. Stamps were issued to be affixed onto the legaldocuments and newspapers. Beginning in 1765, protests at the taxesand stamps began to mount in the colonies.

When an urgent demand for additional funds is received form a sub office, after the daily account bag for the office has been dispatched a) An urgent demand will not be entertained in any case after bag dispatched b) Remittance if possible should be dispatched through special carrier. c) Where a second dispatch of mails is made, the remittance may be sent in a cash bag detailed in an extra SO slip and enclosed in an extra account bag. d) Both the A and B e) None of these

Description : When an urgent demand for additional funds is received form a sub office, after the daily account bag for the office has been dispatched a) An urgent demand will not be entertained in any case after bag dispatched ... and enclosed in an extra account bag. d) Both the A and B e) None of these

Last Answer : d) Both the A and B