Genetic Insights Co. purchases an asset for $19,552. This asset qualifies as a seven- year recovery asset under MACRS. The seven-year foxed depreciation percentages for years 1,2,3,4,5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, respectively. Genetic Insights has a tax rate of 30%. The asset is sold at the end of six years for $4,257. Calculate tax paid on gain on disposal. Round the answer to two decimals