Jenny (age 39) and her husband Kirk (age 39) live in Conway. Jenny is a high school teacher at Conway High School. She decided that she would like to get her master’s degree in education at UCA in order to make sure that she is up-to-date on the most recent classroom teaching techniques. The program is a 1- year program that Jenny starts each January. Jenny and Kirk do not want to take out loans to pay for the degree. They only need to worry about the cost of tuition (a “qualified higher education expense”) for the current year. After much discussion, they withdraw the cost of tuition from Kirk’s traditional Individual Retirement Account (IRA) in early January before classes begin to pay the tuition. Jenny did not receiving any scholarships and she does not qualify for either the Lifetime Learning Credit or the American Opportunity Credit. Determine the tax consequences of the withdrawal. NOTE: Use only the Internal Revenue Code for your research. Include with your response to each question, a paragraph with an explanation of how you arrived at your solution (i.e. walk me through your research steps). Note: You may need more than one Code section for a complete answer