Which three expenses could money invested in a 529 plan be used for without penalty? clothes
gas
gym membership
room and board
textbooks
tuition

room and board, textbooks, tuition

Explanation:

A 529 plan is one that has a tax advantage and is designed as a savings account for college students.

There are various items it can be used to purchase without attracting tax payments. These include education related expenses such as: room and board, textbooks, tuition. They are called qualified expenses.

Unqualified expenses are those that are not covered by the 529 plan. They attract tax payment and include: extracurricular activities, application and testing fees, transportation costs, and health insurance.

So gym membership, clothes, and gas are not qualified expense under the 529 plan.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

answer; read and consider the content of the items;