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P12.14 (similar to) Question Help You purchased 1,000 shares of Mutual Magic one year ago for $20.99 per share. During the year, you received $2.09

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P12.14 (similar to) Question Help You purchased 1,000 shares of Mutual Magic one year ago for $20.99 per share. During the year, you received $2.09 in dividends, half of which were from dividends on stock the fund held and half of which was from interest eamed on bonds in the fund portfolio Assuming your federal marginal tax rate is 25% 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 cont.)

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