Solved: Lori purchased educational savings bonds to help, Accounting Basics

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Lori purchased educational savings bonds to help

Lori purchased educational savings bonds to help finance her son's education. She paid $4,000 for the bonds. The bonds matured at $6,000, and the son used $2,500 to pay his tuition for the first semester. The son quit school after one semester and Lori
used the remaining money to buy her son a car. If Lori's AGI is $55,000, how much interest is included in her gross income?
$0
$833
$1,167
$750
$2,000

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Accounting Basics: Lori purchased educational savings bonds to help

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Accounting Basics: Lori purchased educational savings bonds to help

Reference No:- TGS0925430

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