Refer to the preceding problem and assume that Mrs. Nunn lives in New Jersey, which taxes the interest on bonds issued by state and local jurisdictions outside New Jersey. If Mrs. Nunn's state income tax rate is 7 percent, compute her New Jersey tax on the $2,690 interest assuming that the debt instrument was:

a. A 30-year General Electric bond.

b. A U.S. Treasury note.

c. A City of Memphis municipal bond.

Assume the taxable year is 2018.

Data from Proceeding problem

Mrs. Nunn, who has a 24 percent marginal tax rate on ordinary income, earned $2,690 interest on a debt instrument this year.