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Wayne (49) takes a $9,000 distribution from his traditional IRA to pay some of his...

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Accounting

Wayne (49) takes a $9,000 distribution from his traditional IRA to pay some of his daughter's $14,000 qualified education expenses at an eligible educational institution. His daughter paid $6,000 of her expenses with a tax-free scholarship. How much of Wayne's IRA distribution is subject to the 10% tax on early distributions?

A)$0

B)$1,000

C)$6,000

D)$9,000

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