Tonya, who lives in california, inherited a $100,000 state of california bond in 2019. her marginal federal tax rate is 35%, and her marginal state tax rate is 5%. the california bond pays 3.3% interest, which is not subject to california income tax. she can purchase a corporate bond of comparable risk that will yield 5.2% or a u. s. government bond that pays 4.6% interest. hint: for state taxes, assume tonya itemizes her deductions.