In 2016, Amy receives $8,000 (of which $3,000 is earnings) from a qualified tuition program. She does
Question:
In 2016, 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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Related Book For 
Income Tax Fundamentals 2017
ISBN: 9781305872738
35th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
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