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Cecil cashed in a Series EE savings bond with a redemption value of $19,000 and an original cost of $13,300.

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.)

b. Assume the same facts in part (a), except Cecil plans to spend $5,700 of the proceeds to pay his sons tuition at State University, and Cecil estimates his modified adjusted gross income at $63,900.

a. Cecil plans to spend all of the proceeds to pay his sons tuition at State University. Cecils son is a full-time student, and Cecil claims his son as a dependent. Cecil estimates his modified adjusted gross income at $68,100.