Solved

Harry Receives a $10,000 Distribution from a CESA

Question 92

Multiple Choice

Harry receives a $10,000 distribution from a CESA.On this date,his total account balance is $16,000,with $4,000 representing earnings.If his qualified higher education expenses are $8,000,the amount included in gross income is:


A) None.
B) $500.
C) $2,000.
D) $2,500.
E) None of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions