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On January 1,2018 , you purchased 1,000 shares of a fund for $20.00 per share. During the year, you received $2.00 in dividends, half of
On January 1,2018 , you purchased 1,000 shares of a fund for $20.00 per share. During the year, you received $2.00 in dividends, half of which were from dividends on stock the fund held and half of which was from interest earned on bonds in the fund portfolio. Assuming you are a single taxpayer with income of $100,000, which means that your federal marginal tax rate in 2018 is 24%, how much will you owe in federal taxes on the distributions you received this year? The amount of taxes owed on the distributions you received this year is $ (Round to the nearest cent.)
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