Can you please help me answer these following questions? please provide explanation for each. thank you!

15. In September 2020, Bill and Linda, a married couple with $60,000 of modified adjusted gross income, cashed qualified Series EE U.S. Savings Bonds which they had purchased in 2012. The proceeds were used to help pay for their son's 2020 college tuition. They received gross proceeds of $3,500, representing principal of $3,000 and interest of $500. The qualified higher education expenses they paid in 2020 totaled $2,100. How much of the $500 interest can Bill and Linda exclude from gross income in 2020?

a.$0

b.$200

c.$300

d.$500

e.none of the above

16. Mr. W. is 66 years old and single. His income for 2020 consisted of the following:

Taxable pension$24,000

Taxable interest2,000

Taxable dividends4,000

Social security payments10,000

Tax-exempt interest7,000

What amount of W's social security benefits is taxable?

a.$5,000

b.$8,500

c.$11,300

d.$10,000

e.none of the above

17. Based on the following, how much should Ben Brenner include in income in his federal income tax return?

Jury award for damages received for physical injury:$12,000

Jury awarded punitive damages:$10,000 Money borrowed from a bank: 8,000

a.$10,000

b.$12,000

c.$22,000

d.$30,000

e.$0

18.Linda Smith paid $24,000 for a life-time annuity that will start when she is 65 years old.The annuity will pay $150 per month ($1,800 per year) for the rest of her life starting in January of the year that Linda reaches age 65.What is the exclusion ratio for the annuity and how much income does Linda have for a year during which she receives 12 monthly payments?

a.Exclusion ratio .333 and income of $1,200

b.Exclusion ratio .667 and income of $600

c.Exclusion ratio .667 and income of $1,200

d.Exclusion ratio .333 and income of $600

19.BWS Corporation pays the premiums on an $80,000 group-term life insurance policy on the life of its 45-year-old vice-president, Warren.What amount is includible annually in Warren's gross income based on the group-term life insurance?

a.$278.00

b.$144.00

c.$54.00

d.$29.00

e.$0