The IRS audits Pearl's current year individual return and determines that, among other errors, she negligently failed to report dividend income of $8,000. The deficiency relating to the dividends is $2,240. The IRS proposes an additional $12,000 deficiency for the other errors that do not involve negligence. Requirement What is the amount of Pearl's negligence penalty for the $14,240 in deficiencies? Pearl's negligence penalty will amount to