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Charles pays 1 5 % in dividend and capital gains taxes and 4 0 % in ordinary income taxes. Two years ago, Charles purchased 2

Charles pays 15% in dividend and capital gains taxes and 40% in ordinary income taxes. Two years ago, Charles purchased 200 shares in a REIT for $45 a share. The REIT has not made any distributions in excess of net income, but did distribute $366 in short-term gains, $236 in long-term gains, and $161 in ordinary dividends this year. What are the taxes this year on this investment?
Round the answer to two decimals.
Answer: 246.20

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