Andy Cuccia received $50,000 in dividends from Sooner Co., $25,000 in dividends from Boomer Inc., and $30,000 in dividends from Griff Inc. during the year. Andy's been holding the Griff stock for about five years now. The Sooner stock was purchased three years ago. However, the Boomer stock was just purchased 15 days before the date of record (ex-dividend date) and Andy sold it 20 days later for a $3,000 loss. He had no other capital gains or losses this year. He is in the 35% marginal tax bracket. What is this tax on his dividend income for the year?

Andy Cuccia received $50,000 in dividends from Sooner Co., $25,000 in dividends from Boomer Inc., and $30,000 in dividends from Griff Inc. during the year. Andy's been holding the Griff stock for about five years now. The Sooner stock was purchased three years ago. However, the Boomer stock was just purchased 15 days before the date of record (ex-dividend date) and Andy sold it 20 days later for a $3,000 loss. He had no other capital gains or losses this year. He is in the 35% marginal tax bracket. What is this tax on his dividend income for the year