Bonnie paid

$9,500

for corporate bonds that have a par value of

$10,000

and a coupon rate of

8.8%,

payable annually. Bonnie received her first interest payment after holding the bonds for 11 months and immediately sold the bonds for

$9,749.

If Bonnie is in a

33%

marginal tax bracket for federal income tax purposes, what are the tax consequences of her ownership and sale of the bonds?

(Hint:

Assume that there are no state income taxes.)

Part 2

The tax on the sale of the bonds is

$enter your response here.

(Round to the nearest cent.)