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Mainly need help on Q. 11 11) A taxpayer has a mutual fund that invests in municipal bonds. In 2021, the total interest income was
Mainly need help on Q. 11 11) A taxpayer has a mutual fund that invests in municipal bonds. In 2021, the total interest income was $100 of which 60% was from New York. How much is taxable in California? a. $100 b. $40 C. $60 d. Some other amount
12) Which is not taxable for federal purposes? a. New York state interest, $100 b. Unemployment c. Gambling winnings d. Disability in which the company paid the premium
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