Cecil cashed in a Series EE savings bond with a redemption value of $19,500 and an original cost of $13,650.

For each of the following independent scenarios, calculate the amount of interest Cecil will include in his gross income assuming he files as a single taxpayer: (Leave no answer blank. Enter zero if applicable.)

a. Cecil plans to spend all of the proceeds to pay his sons tuition at State University. Cecils son is a full-time student, and Cecil claims his son as a dependent. Cecil estimates his modified adjusted gross income at $67,400.

b. Assume the same facts in part (a), except Cecil plans to spend $5,850 of the proceeds to pay his sons tuition at State University, and Cecil estimates his modified adjusted gross income at $62,600.