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I need help I am not sure how to solve this problem. Jing, who is single, paid educational expenses of $16,000 in 2022. He redeemed
I need help
I am not sure how to solve this problem.
Jing, who is single, paid educational expenses of $16,000 in 2022. He redeemed Series EE bonds and received principal of $8,000 and interest of $3,000. Jing has other adjusted gross income of $89,800. With respect to the $3,000 of bond interest, Jing must include in taxable income A. $1,600. B. $0. C. $3,000. D. $1,400 Step by Step Solution
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