Problem #1 of 3 States are prohibited from taxing interest on other states' bonds. 1 O True O False 2 3 3 A taxpayer in the 24% marginal Federal income tax rate is considering investing in a tax exempt bond with an interest yield of 3. If he were to invest in a corporate bond instead, what interest rate (rounded to the nearest whole percent) would the corporate bond have to yield to obtain the same after tax income? O a 2% Oc.3 Od.60 In keeping with the Supreme Court's analysis, the statutory exclusion of interest on state and local government obligations from gross income, which was introduced with the Sixteenth Amendment, still exists. True False A taxpayer in the 24% marginal Federal income tax rate is considering investing in a tax-exempt bond with an interest yield of 3%. If he were to invest in a corporate bond instead, what interest rate (rounded to the nearest whole percent) would the corporate bond have to yield to obtain the same after-tax income? O a 24 O b.5% Oe. 3% O d. 6% O.4%