In 2020, Amy receives $8,000 (of which $3,000 is earnings) from a qualified tuition program. She uses

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In 2020, Amy receives $8,000 (of which $3,000 is earnings) from a qualified tuition program. She uses the funds to pay for tuition and other qualified higher education expenses. What amount is taxable to Amy?
a. $0
b. $8,000
c. $3,000
d. $11,000

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Income Tax Fundamentals 2021

ISBN: 9780357141366

39th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill

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