Joey pays 15% in dividends and capital gain taxes and 40% in ordinary income taxes. In January, she purchased 700 shares of a no-load mutual fund for $35.52 a share with the provision that all distributions are reinvested. In October, she sold 500 shares for $62.52. At the end of the year, she received a statement stating the fund had distributions to her of $163 in qualified dividend income, $1,492 in long-term capital gains, and $1,549 in short term capital gains. What are Joey's taxes on this investment?

Round the answer to two decimals

Answer:

(6,267.85)