Sergio purchased 100 units of a mutual fund on April 1st, 2017 at a price of $20 per unit. There was a $2 per unit distribution that was paid out to investors in late November 2017 in the form of capital gains. After this distribution, Sergio's total investment was worth $2,200. As a result (and assuming Sergio is subject to a 40% marginal tax rate), what is Sergio's tax liability due to this distribution? $80.00 $100.00 $0 $40.00

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