Question: The information on question one is needed to answer question three: 1. Return on Stock. Joel purchased 100 shares of stock for $20 per share.

The information on question one is needed to answer question three:

1. Return on Stock. Joel purchased 100 shares of stock for $20 per share. During the year, he received dividend checks amounting to $150. Joel recently sold the stock for $32 per share. What was Joel's return on the stock?

**I do not need help with question one, I need help with question three please

3. Capital Gains Tax. Joel (from problem 1) is in a 25% tax bracket. What amount of taxes will he pay on his capital gain if he held the stock for less than a year?

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