Joey pays 15% in dividends and capital gain taxes and 30% in…

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Question Answered step-by-step Joey pays 15% in dividends and capital gain taxes and 30% in… Joey pays 15% in dividends and capital gain taxes and 30% in ordinary income taxes. In January, she purchased 700 shares of a no-load mutual fund for $36.65 a share with the provision that all distributions are reinvested. In October, she sold 400 shares for $55.42. At the end of the year, she received a statement stating the fund had distributions to her of $218 in qualified dividend income, $1,225 in long-term capital gains, and $1,576 in short term capital gains. What are Joey’s taxes on this investment?(The correct answer should be 2,941.65) Business Finance FINC 331 Share QuestionEmailCopy link Comments (0)