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Cecil cashed in a Series EE savings bond with a redemption value of $ 1 5 , 5 0 0 and an original cost of
Cecil cashed in a Series EE savings bond with a redemption value of $ and an original cost of $ 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: Note: Leave no answer blank. Enter zero if applicable. Required: a Cecil plans to spend all of the proceeds to pay his son's tuition at State University. Cecil's son is a fulltime student, and Cecil claims his son as a dependent. Cecil estimates his modified adjusted gross income at $ b Assume the same facts in part a except Cecil plans to spend $ of the proceeds to pay his son's tuition at State University, and Cecil estimates his modified adjusted gross income at $ Complete this question by entering your answers in the tabs below. Required Required B Cecil plans to spend all of the proceeds to pay his son's tuition at State University. Cecil's son is a fulltime student, and Cecil claims his son as a dependent. Cecil estimates his modified adjusted gross income at $ Amount of interest to be incluHded in gross income A IS CORRECT NEED HELP WITH PART B
Cecil cashed in a Series EE savings bond with a redemption value of $ and an original cost of $
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:
Note: Leave no answer blank. Enter zero if applicable.
Required:
a Cecil plans to spend all of the proceeds to pay his son's tuition at State University. Cecil's son is a fulltime student, and Cecil claims his son as a dependent. Cecil estimates his modified adjusted gross income at $
b Assume the same facts in part a except Cecil plans to spend $ of the proceeds to pay his son's tuition at State University, and Cecil estimates his modified adjusted gross income at $
Complete this question by entering your answers in the tabs below.
Required
Required B
Cecil plans to spend all of the proceeds to pay his son's tuition at State University. Cecil's son is a fulltime student, and Cecil claims his son as a dependent. Cecil estimates his modified adjusted gross income at $
Amount of interest to be incluHded in gross income A IS CORRECT NEED HELP WITH PART B
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