Jacob,who is single,paid educational expenses of $16,000 in 2015.He redeemed Series EE bonds and received principal of $8,000 and interest of $3,000.Jacob has other adjusted gross income of $81,200.The $3,000 exclusion must be reduced by
A)$0.
B)$1,400.
C)$1,600.
D)$3,000.

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The Answer of Jacob,who is single,paid educational expenses of $16,000 in 2015.He redeemed Series EE bonds and received principal of $8,000 and interest of $3,000.Jacob has other adjusted gross income of $81,200.The $3,000 exclusion must be reduced by
A)$0.
B)$1,400.
C)$1,600.
D)$3,000.

Jacob,who Is Single,paid Educational Expenses of $16,000 in 2015