Joel purchased 100 shares of stock for $20 per share. During the year he received dividend checks amounting to $150. Joel recently sold the stock for $32 per share.

A. Joel is in a 25% tax bracket. What amount of taxes will he pay on his capital gain if he held the stock for less than a year.

B. 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?