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eBook Calculator Self-Study Problem 2.14 Answer the following questions regarding the tax treatment of educational Incentives. If an amount is zero, enter o. a. Abby

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eBook Calculator Self-Study Problem 2.14 Answer the following questions regarding the tax treatment of educational Incentives. If an amount is zero, enter "o". a. Abby has a distribution of $10,000 from a qualified tuition program, of which $3,000 represents earnings. The funds are used to pay for her daughter's qualified higher education expenses. How much of the $10,000 distribution is taxable to the daughter? b. During 2018, Henry (a single taxpayer) has a salary of $85,000 and interest income of $4,000. Henry has no other income or deductions. Calculate the maximum contribution Henry is allowed for an educational savings account

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