Intro An investor has a portfolio of 20,000 shares in Apple and 15,000 shares in Toyota. During the year, the investor sold all of the shares in Apple at a price of $40 and all of the shares in Toyota at a price of $16. The shares of Apple were originally purchased for $38 and the shares of Toyota were originally bought for $13. Part 1 * Attempt 2/10 for 6.5 pts. How much does the investor owe in taxes if the tax rate on capital gains is 20%? 0+ decimals Submit Part 1 * Attempt 175 for 8.5 pts. Which is TRUE about taxation of mutual fund income? Income earned on mutual fund portfolios is taxed at the level of the fund. The income is treated as passed through to the investor if the fund meets several requirements. A fund with a high portfolio turnover rate can be particularly tax efficient. Turnover is the ratio of the trading activity of a portfolio to the average return of the portfolio. Submit