Mary lou took an $8,000 distribution 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 a $25,000 balance including the $20,000 she had contributed. how much of the $8,000 distribution is tax-free?

Spirula trading inc sublets a part of its offices building to jade inc. for a period of ten years . where will the company disclose this information?

How can a poor housing market put home buyers in a financially unstable position? a. changing property values means it’s easier to find homes with low rental costs. b. when the home value decreases, property taxes and insurance costs increase. c. houses are valued lower than their purchase prices, so the home equity decreases. d. home buyers lose all tax benefits and tax incentives when the housing market goes down. e. mortgage payments can increase even though the home value decreases.

Companies under market structures are independent