The Internal Revenue Code at times, seems to provide different tax treatment to similar situations. In the following situations, explain why the tax treatment to the taxpayers may differ, making sure that you indicate any rules or logic for the difference i. Matthew and Ted are both individual taxpayers who reside in Ohio. Matthew received $100 of interest this year from the State of Ohio on a refund from his 2018 tax return. Ted received $100 of interest this year from the State of Ohio on a bond that he owns. How much interest income will Matthew report on his federal and Ohio state tax return? How much interest income will Ted report on his federal and state of Ohio tax return? Explain how you came to your conclusion