Kimberly is single and in the $35\%$ marginal tax bracket. She gifts stock to her father with a fair market value of $$52,000$ that earns nonqualified dividend income of $$4,200$ in $2023($meaning that the dividend income is taxed at ordinary income rates$).$ Her dad is in the $12\%$ marginal tax bracket. What is the overall tax saving for the family in this scenario?

Overall tax saving for the family