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Rebecca, a single taxpayer, owns a Series 1 U.S. Savings Bond that increased in value by $46 during the year. She makes no election. How

Rebecca, a single taxpayer, owns a Series 1 U.S. Savings Bond that increased in value by $46 during the year. She makes no election. How much income must Rebecca recognize this year? a. $0 b.$46 C. $23 d. $0 if in first 5 years or $46 thereafter

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