Business, 23.04.2020 04:35, norahfrost

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

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Morris redeemed $6,000 (principal of $4,500 and interest of $1,500) of Series I Savings Bonds to pay...