Ronnie owns 600 shares of a stock mutual fund. This year he received dividend distributions of 60

Question:

Ronnie owns 600 shares of a stock mutual fund. This year he received distributions of 60 stock mutual fund shares ($ 40 per share) and long term capital gain distributions of 45 stock mutual fund shares ( also $ 40 per share). What are the tax consequences of Ronnie’s stock mutual fund ownership if he is in a 25% marginal tax bracket? Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...