Solved: What is the taxable interest, Taxation

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What is the taxable interest

Problem:

Carla redeemed EE bonds which qualify for the educational exclusion. The redemption consisted of 14,000 principle and 6000 interest. The net qualifying educational expenses are 8000. No reduction of the exclusion is required. What is the taxable interest?

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Taxation: What is the taxable interest

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Taxation: What is the taxable interest

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