Dean is single and has AGI of $50,000. He redeems $5,000(principal of $3,500 and interest...

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Accounting

Dean is single and has AGI of $50,000. He redeems $5,000(principal of $3,500 and interest of $1,500) of Series I savings bonds to pay qualified higher education expenses of $2,000. How much taxable income (if any) must Dean report?
Multiple choice question.
$0
$600
$900
$1,500

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