Business, 03.04.2020 01:20 nawafcanada

This fall Angelina, age 35, plans to attend college. To fund her tuition she cashed in Series EE savings bonds with a redemption value of $24,000 and an original cost of $16,800. Angelina plans on spending $7,200 of the proceeds to pay tuition. The redemption proceeds are Angelina's only source of income. What amount of interest must Angelina include in gross income this year?

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This fall Angelina, age 35, plans to attend college. To fund her tuition she cashed in Series EE sav...

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