Business, 28.02.2020 23:10 fatimitashikita

Martin redeemed $3,000 (principal of $2,000 and interest of $1,000) of Series I Savings Bonds to pay qualified higher education expenses. His qualified expenses for the year totaled $2,500 and AGI consists of wages of $20,000. What is the amount of interest that Martin must include in income?

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Martin redeemed $3,000 (principal of $2,000 and interest of $1,000) of Series I Savings Bonds to pay...

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