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Tax Consequences. Ronnie owns 600 shares of a stock mutual fund. This year he received dividend distributions of 61 stock mutual fund shares ($57 per

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Tax Consequences. Ronnie owns 600 shares of a stock mutual fund. This year he received dividend distributions of 61 stock mutual fund shares ($57 per share) and long-term capital gain distributions of 41 stock mutual fund shares (also $57 per share). What are the tax consequences of Ronnie's stock mutual fund ownership if he is in a 35% marginal tax bracket? Ronnie's tax consequences of stock mutual fund ownership is $ (Round to the nearest cent.)

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