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Homework: Chapter 3 HW core: 2 of 3 pts HW Score: 97.5%, 39 of 4 7 of 13 (13 complete) Pl:3-37 (similar to) EQuestion Help
Homework: Chapter 3 HW core: 2 of 3 pts HW Score: 97.5%, 39 of 4 7 of 13 (13 complete) Pl:3-37 (similar to) EQuestion Help In 2014, Herald and Michelle purchased Series EE bonds, and in 2018 redeemed the bonds, receiving $440 of interest and $2,760 of principal. Their income from other source 3,500 in tuition and fees for theis d dubto Thoir dauot lified student at State The proceeds from the Saries EF honds were used to pay tho tuition and fo They pai- E(Click the icon to view the exclusion phaseout information.) totaled $20,000 fees.) their dependent daughter. University. (T IS Read the requirements. Requirement a How much of the Series EE bond interest is excludable? excludable is The amount of interest that i Requirements a. How much of the Series EE bond interest is excludable2 b. Assuminq that the daughter received a $2,860 scholarship, how much of the interest is excludable? Ignore any tax credits that might be available. Assuming the daughter received the $2,860 scholarship and that the parents income from other sources excludable? C $126,360, how much of the interest is Print Done Enter any number in the edit fields and then click Check Answer parts remaining Clear All Check
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