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How much would joel save in taxes

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Problem 1: Joel purchased 100 shares of stock for ?$36 per share. During the? year, he received dividend checks amounting to ?$269. Joel recently sold the stock for ?$61 per share. Joel is in a 35?% tax bracket. He would pay ?$875 in taxes if he held the stock for less than a year. How much would Joel save in taxes if he held the stock for more than a? year, assuming he sold it for the same? amount? If he held the stock for more than a? year, the amount Joel would save in taxes is ?$?

Reference no: EM132755048

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