The lesser resistance of 12-gauge wire means that it can allow charge to flow through it at a greater rate-that is, allow a larger current. Thus, 12-gauge wire is used in circuits which are protected by 20-Amp fuses and circuit breakers.
of it. A âstatutory hybrid planâ is defined as a âdefined benefit plan that contains a statutory hybrid benefit formula.â2 A âstatutory hybrid benefit formulaâ is, in turn, a benefit formula that is a âlump sum-based benefit formula or a formula that is not a lump sum-based benefit formula but that has an effect similar to a lump sum-based benefit formulaâ.3
Coverdell IRA or a 529 plan. Both the Coverdell ESA and the 529 plan allow you to set up accounts for a beneficiary to pay for the cost of higher education. Unlike a custodial account where your child can spend the money anyway he wishes at age 18, the Coverdell and 529 plans can only be used for educational purposes.he Coverdell plan is very similar to how a Roth IRA works, but with a few twists. The Coverdell is also not the only tax advantaged plan to save for higher education costs. A very popular type of plan is the 529 plan, which takes its name from the section of the tax code dealing with these plans.