Profits and Taxes

A year ago, George Jetson, from Orbit City, Texas, invested $1,500 by buying 150 shares of the Can't Lose Mutual Fund, an aggressive growth no-load mutual fund. George reinvested his dividends, so he now has 162 shares. So far, the NAV for George's investment has risen from $10 per share to $14.

What is the percentage increase in the NAV of George's mutual fund? Round your answer to one decimal place. %

If George redeemed the first 150 shares of his mutual fund investment for $14 per share, what would be his capital gain over the amount invested? Round your answer to the nearest dollar. $

Assuming George pays income taxes at the 25 percent rate, how much income tax will he have to pay if he sells those first 150 shares? George has owned the shares for less than a year. Round your answer to the nearest cent. $