Answer:
After tax income from Virginia bond = $100000*4.5%
After tax income from Virginia bond = $4,500
After tax income from North Carolina bond = (100000*4.6%) * (1-5%) +(100000*4.6%*5%*0.35)
After tax income from North Carolina bond = $4,600*0.95 + $80.5
After tax income from North Carolina bond = $4,370 + $80.5
After tax income from North Carolina bond = $4,450.5
After tax income from North Carolina bond = $4,451