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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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