$16$ Homework

Question $19,$ Planning #$4($similar to$)$: Tax Consequenc

HW Score: $72\%,18$ of $25$ points

$($x$)$ Points: $0$ of $1$

Tax Consequences. Katie paid $$9,400$ for a Ginnie Mae bond with a par value of $$10,000$ and a coupon rate of $7\mathrm{.}1\%.$ Two years later, after having received the annual interest payments on the bond, Katie sold the bond for $$9,865.$ What are her total tax consequences if she is in a $32\%$ marginal tax bracket?

Katie's total tax consequences are $

$($Round to the nearest dollar.$)$