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Cecil cashed in a Series EE savings bond with a redemption value of $16,500 and an original cost of $11,550. For each of the following

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Cecil cashed in a Series EE savings bond with a redemption value of $16,500 and an original cost of $11,550. 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.) Problem 5-64 Part-b b. Assume the same facts in part (a), except Cecil plans to spend $4.950 of the proceeds to pay his son's tuition at State University and Cecil estimates his modified adjusted gross income at $61100 Amount of interest to be included in gross income $ 115

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