Joel purchased 100 shares of stock for

$14

per share. During the year, he received dividend checks amounting to

$123

.

Joel recently sold the stock for

$19

per share. Joel is in a

25

%

tax bracket. He would pay

$125

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?