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Business, 19.03.2021 04:00 prishapup27
Tonya, who lives in California, inherited a $100,000 State of California bond in 2020. Her marginal Federal tax rate is 35%, and her marginal state tax rate is 5%. The California bond pays 3.3% interest, which is not subject to California income tax. She can purchase a corporate bond of comparable risk that will yield 5.2% or a U. S. government bond that pays 4.6% interest. What is the after-tax income from each bond
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Tonya, who lives in California, inherited a $100,000 State of California bond in 2020. Her marginal...
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