In 2017, Harry and Mary purchased Series EE bonds, and in 2023 redeemed the bonds, receiving \($500\) of interest and \($1,500\) of principal. Their income from other sources totaled \($30,000.\) They paid \($2,200\) in tuition and fees for their dependent daughter. Their daughter is a qualified student at State University.

a. How much of the Series EE bond interest is excludable?

b. Assuming that the daughter received a \($1,000\) scholarship, how much of the interest is excludable? Ignore any tax credits that might be available.

c. Assuming the daughter received the \($1,000\) scholarship and that the parents’ income from other sources is \($143,300\) how much of the interest is excludable?