Morris Redeemed $6,000 Principal of $4,500 and Interest of $1,500)of

question 90

Multiple Choice

Morris redeemed $6,000 principal of $4,500 and interest of $1,500) of Series I Savings Bonds to pay qualified higher education expenses.His qualified expenses for the year totaled $6,500 and AGI consists of wages of $32,000.What is the amount of interest that Morris can exclude from income?

• A)$1,000.
• B)$1,500.
• C)$0.
• D)$500.

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Definitions:

Dolores Huerta

An American labor leader and civil rights activist who co-founded the United Farm Workers association.

Nationwide Boycott

A widespread or countrywide refusal to buy, use, or participate in something as a form of protest or demand for change.

Declaration of Indian Purpose

A statement crafted by American Indian activists during the 1960s, advocating for the rights, sovereignty, and cultural recognition of Native American peoples in the United States.

Indian Nations

Groups of indigenous peoples in the United States recognized as sovereign entities with a distinct political, legal, and cultural identity.