A 5-year corporate bond yields 11.00%. A 5-year municipal bond of equal risk yields 6.10%. Assume that the state tax rate is zero. At what federal tax rate are you indifferent between the two bonds? (Round your final answer to two decimal places.) a. 80.33% b. 17.10% C. 44.55% d. 49.00% e. 55.45% Maureen Smith is a single individual. She claims a standard deduction of $12,400. Her salary for the year was $177,100. Assume the following tax table is applicable. Single Individuals Plus This Percentage on the Excess over the Base You Pay This Amount on the Base of the Bracket If Your Taxable Income Is Average Tax Rate at Top of Bracket 10.0% 10.0% 12.0 11.5 22.0 17.1 24.0 20.4 Up to $9,875 $0.00 $9,875-$40,125 987.50 $40,125-$85,525 4,617.50 $85,525-$163,300 14,605.50 $163,300-$207,350 33,271.50 $207,350-$518,400 47,367.50 Over $518,400 156,235.00 What is her federal tax liability? 32.0 22.8 35.0 30.1 37.0 37.0 a. $33,607.50 O b. $52,704.00 c. $37,687.50 d. $33,271.50 e. $33,719.50