How can congressional committee reports be used by a tax researcher?

1) Jerry purchased a U.S. Series EE savings bond for $744. The bond has a maturity value in 10 years of (1pts) $1,000 and yields 3% interest. This is the first Series EE bond that Jerry has ever owned. a. Jerry can defer the interest income until the bond matures in 10 years. b. Jerry must report $25.60[($1,000 - $744)/10] interest income each year he owns the bond. c. The interest on the bonds is exempt from Federal income tax. d. Jerry can report all of the $256 as a capital gain in the year it matures. E 2) On a particular Saturday, Tom had planned to paint a room in his house, but his employer gave him the (1pts) opportunity to work that day. If Tom works, he must hire a painter for $120. Assuming Tom is in the 24% marginal tax bracket, how much must he get paid to be able to pay the painter and still have a positive cash flow from working? a. More than $0. b. More than $120. c. More than $158. d. More than $500