How much interest must rafael include in income

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Reference no: EM131969164

Problem

Rafael, who is single paid educational expenses of $10,000 in the current year for his daughter Stephanie. He redeemed Series EE bonds and receive principal of $10,000 and interest of $5,000 (total $15,000). Rafael has adjusted gross income of $81,000.

How much interest must Rafael include in income? NOTE: Only do the calculation.

Reference no: EM131969164

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