19. George receives a $1,500 distribution from his educational savings account. He uses $1,200 to pay for
Question:
19. George receives a $1,500 distribution from his educational savings account. He uses
$1,200 to pay for qualified higher education expenses. On the date of the distribution, George’s account balance is $5,000, $3,000 of which is his contributions. What is George’s tax-free return of capital from the distribution?
a. $1,500
b. $1,200
c. $900
d. $750
e. $600 LO 5.8
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Related Book For 
Income Tax Fundamentals 2011
ISBN: 9780538469197
29th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller
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