Loris purchased educational saving bonds to help finance, Financial Management

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Loris purchased educational saving bonds to help finance

Loris purchased educational saving bonds to help finance her son’s education. She paid $4000 for the bonds. The bonds matured at $6000 and the son used $2500 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 AGI is $25000, how much interest is included in her gross income?

A 2000 B 750 C 833 D 0 E 1167

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Financial Management: Loris purchased educational saving bonds to help finance

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Financial Management: Loris purchased educational saving bonds to help finance

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