Question
Gina receives a $2,900 distribution from her educational savings account. She uses $1,500 to pay for qualified higher education expenses and $1,400 on a vacation.
Gina receives a $2,900 distribution from her educational savings account. She uses $1,500 to pay for qualified higher education expenses and $1,400 on a vacation. Immediately prior to the distribution, Gina's account balance is $5,000, $3,000 of which is her contributions. What is Gina's taxable income (after any exclusion) from the distribution?
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Communication Audit In Globally Integrated R And D Project Teams
Authors: Justyna Alnajjar
1st Edition
3631666608, 978-3631666609
