Jing,who is single,paid educational expenses of $16,000 in 2017.He redeemed Series EE bonds and received principal of $8,000 and interest of $3,000.Jing has other adjusted gross income of $82,150.With respect to the $3,000 of bond interest,Jing must include in taxable income

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C)$3,000 × [($82,150 + $3,000 - $78,150)/$15,000] = $1,400 reduction in exclusion; $3,000 - $1,600

Jing,who Is Single,paid Educational Expenses of $16,000 in 2017