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Question Help Capital Gains Tax. Joel purchased 100 shares of stock for S11 per share During the year, he received dividend checks amounting to 598

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Question Help Capital Gains Tax. Joel purchased 100 shares of stock for S11 per share During the year, he received dividend checks amounting to 598 Joel recently sold the stock for $19 per share. Joel is in a 28% tax bracket He would pay $224 in taxes if he held the stock for less than a year How much would Joel save in taxes if he held the stock for more than a year, assuming he sold it for the same amount? If he held the stock for more than a year, the amount Joel would save in taxes is 5 ] (Round to the nearest dollar) Enter your answer in the answer box

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