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Melissa Took a $1,500 Distribution from Her Educational Savings Account

Question 17

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Melissa took a $1,500 distribution from her educational savings account and used $1,200 to pay for qualified education expenses.Before the distribution,Melissa's account balance was $4,000,of which $1,000 was earnings.Calculate the following:
Melissa took a $1,500 distribution from her educational savings account and used $1,200 to pay for qualified education expenses.Before the distribution,Melissa's account balance was $4,000,of which $1,000 was earnings.Calculate the following:

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a.$1,125.75 percent of the account balan...

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