Question: Hank established a Section 529 Savings Plan for his son, Saul, several years ago, It is now time to pay Saufs first-year college costs. The

Hank established a Section 529 Savings Plan for his son, Saul, several years ago, It is now time to pay Saufs first-year college costs. The current valu of the fund is $80,000. If Hank withdraws $20,000 to pay qualified tuition expenses, how will the distribution be taxed?To Hank.To Saul.Only the earnings will be taxed, to Hank.There will be no federal taxes.

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