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You purchased 1 comma 500 shares of MutualMagic one year ago for $21.94 per share. During the year, you received $2.14 in dividends, half of
You purchased 1 comma 500 shares of MutualMagic one year ago for $21.94 per share. During the year, you received $2.14 in dividends, half of which were from dividends on stock the fund held and half of which was from interest earned on bonds in the fund portfolio. Assuming your federal marginal tax rate is 25 % , how much will you owe in federal taxes on the distributions you received this year?
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