10. The exclusion of interest income on the redemption of Series EE Savings as educational savings bonds: a. Is subject to phaseout for taxpayers with modified adjusted gross income above certain thresholds. b. Means that the parent are subject to taxation on only the principal redemption amount up to the parent's c. Means that the child must include the interest income on the bond even though the bonds were owned by parent. d. Does not apply to the extent the redemption proceeds are used for room and board. e. Both a. and d. are correct uniture Manufacturing Company. She purchased furniture from the