Jacob,who Is Single,paid Educational Expenses of $16,000 in the Current

question 79

Multiple Choice

Jacob,who is single,paid educational expenses of $16,000 in the current year.He redeemed Series EE bonds and received principal of $8,000 and interest of $3,000.Jacob has other adjusted gross income of $78,700.The $3,000 exclusion must be reduced by

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

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