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You purchase a 6% $20,000 bond for $19,350 plus $325 in accrued interest for a total outlay of $19,675. Subsequently, you receive a $600 interest

You purchase a 6% $20,000 bond for $19,350 plus $325 in accrued interest for a total outlay of $19,675. Subsequently, you receive a $600 interest payment. You are in the 20% income tax bracket. How much tax do you owe on the interest payment?

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