20. Gina receives a $2,000 distribution from her educational savings account. She uses

$1,600 to pay for qualified higher education expenses and $400 on a vacation. On the date of the distribution, Gina’s account balance is $5,000, $2,500 of which is her contributions. What is Gina’s taxable income (after any exclusion) from the distribution?

a. $1,600

b. $1,000

c. $800

d. $200

e. Some other amount LO 5.8