In the case of interest income from state and Federal bonds:
a. Interest on United States government bonds received by a state resident can be subject to that state's income tax.
b. Interest on United States government bonds is subject to Federal income tax.
c. Interest on bonds issued by State A received by a resident of State B cannot be subject to income tax in State B.
d. All of these are correct.
e. None of these are correct.
Answer: b