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Tax Consequences. Rena purchased 200 shares of a no-load stock mutual fund. During the year she received $4.72 per share in dividend distributions, $192 in
Tax Consequences. Rena purchased 200 shares of a no-load stock mutual fund. During the year she received $4.72 per share in dividend distributions, $192 in long-term capital gain distributions, and capital gains of $1,002 when she sold the stock after owning it eight months. What are the tax consequences of Rena's ownership of this stock fund? Rena is in a 24% marginal tax bracket. The tax consequences of Rena's ownership of this stock fund are $ (Round to the nearest cent.)
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