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Xavier owns shares of a mutual fund. During the year, he received $2,800 in dividend distributions, $700 of which he received in cash. He elected
Xavier owns shares of a mutual fund. During the year, he received $2,800 in dividend distributions, $700 of which he received in cash. He elected to use the remaining $2,100 to purchase additional shares of the fund. The amount subject to tax is: $0 $700 $2,100 $2,800
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