In 2019, Amy receives $8,000 (of which $3,000 is earnings) from a qualified tuition program. She does

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In 2019, Amy receives $8,000 (of which $3,000 is earnings) from a qualified tuition program. She does not use the funds to pay for tuition or other qualified higher education expenses. What amount is taxable to Amy? 

a. $0

b. $8,000 

c. $3,000 

d. $11,000

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Income Tax Fundamentals 2020

ISBN: 9780357108239

38th Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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