Question
A California resident would NOT be taxed on which of the following income? a. California municipal bond interest b. Rental income from property in Mexico
A California resident would NOT be taxed on which of the following income?
a. California municipal bond interest
b. Rental income from property in Mexico
c. Salary from a 30-day work assignment in England
d. Interest income from a Boston bank
e. Texas municipal bond interest
In 2016 the highest regular California tax rate (excluding special taxes):
a. 7.3 percent
b. 12.3 percent
c. None of the above
d. 9.0 percent
e. 10.3 percent
Rodney earns a salary of $5,000 per month. On August 1, he is transferred from California to Montana for a new, permanent job assignment. How much of Rodneys salary is taxable for California purposes?
a. $40,000
b. $60,000
c. $25,000
d. $25,000
e. $35,000
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