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Capital Gains Tax. Joel purchased 100 shares of stock for ( $ 18 ) per share. During the year, he received dividend checks amounting to
Capital Gains Tax. Joel purchased 100 shares of stock for \\( \\$ 18 \\) per share. During the year, he received dividend checks amounting to \\( \\$ 114 \\). Joel recently sold the stock for \\( \\$ 27 \\) per share. Joel is in a \25 tax bracket. He would pay \\( \\$ 225 \\) in taxes if he held the stock for less than a year. How much would Joel save in taxes if he held the stock for more than a year, assuming he sold it for the same amount? If he held the stock for more than a year, the amount Joel would save in taxes is \\( \\$ \\quad \\). (Round to the nearest dollar.)
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