Ronnie owns 600 shares of a stock mutual fund. This year he received dividend distributions of

70

stock mutual fund shares

($24

per share) and long-term capital gain distributions of

22

stock mutual fund shares (also

$24

per share). What are the tax consequences of Ronnie's stock mutual fund ownership if he is in a

28%

marginal tax bracket?

Ronnie's tax consequences of stock mutual fund ownership is

$nothing.

(Round to the nearest cent.)