Business, 28.06.2021 20:50 antoniocapetillo80

Dianne Ruth withdrew $8,000 from her educational savings account and used $6,000 to pay for qualified higher education expenses. The remaining balance of $2,000 was used to purchase clothes. On the date of the distribution, her educational savings account had $25,000 balance including $20,000 she had contributed. How much of the $8,000 is tax free?

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Dianne Ruth withdrew $8,000 from her educational savings account and used $6,000 to pay for qualifie...