oel purchased 100 shares of stock for $31 per share. During the year, he received dividend checks amounting to $202. Joel recently sold the stock for $58 per share. Joel is in a 35 % tax bracket. He would pay $945 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?
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Home » Business » oel purchased 100 shares of stock for $31 per share. During the year, he received dividend checks amounting to $202. Joel recently sold the stock for $58 per share. Joel is in a 35 % tax bracket.