Jing, Who Is Single, Paid Educational Expenses of $16,000 in 2018

question 975

Multiple Choice

Jing, who is single, paid educational expenses of $16,000 in 2018. He redeemed Series EE bonds and received principal of $8,000 and interest of $3,000. Jing has other adjusted gross income of $83,550. With respect to the $3,000 of bond interest, Jing must include in taxable income

• A) $1,400.
• B) $1,600.
• C) $3,000.
• D) $0.

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Definitions:

Closure

The psychological phenomenon where an individual seeks a sense of completeness or resolution to an emotional or traumatic event.

Similarity

The cognitive process of recognizing objects or ideas that are alike in appearance or concept.

Texture Gradient

This visual cue indicates depth by the gradual change in appearance of objects as they move further away, with details becoming denser and finer the farther they are from the viewer.

Relative Size

A perceptual cue that allows the determination of the size of an object in comparison to another object of known size.