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3. Jovan, who is single, paid educational expenses of $16,000 in 2023 . He redeemed Series EE bonds and received principal of $8,000 and interest of $3,000. Jovan has other adjusted gross income of $98,975. The $3,000 exclusion must be reduced by A) $0. B) $2,025. C) $975. D) $3,000