Ava received 100 NQOs (each option provides a right to purchase 10 shares of CAM stock for $8 per share). On 8/15/Y5 CAM's stock price is $22 per share, Ava exercised all of her options. After acquiring the CAM shares with her stock options, she held the shares for over one year and sold on 10/1/Y6 them at $34 per share. Ava's ordinary marginal rate is 32 percent and her long-term capital gains rate is 15 percent? What are Ava's taxes due on the sale date (10/1/Y6)? You Answered 8,900 Correct Answer 1,800 margin of error +/- 2
Ava received 100 NQOs (each option provides a right to purchase 10 shares of CAM stock for $8 per share). On 8/15/Y5 CAM's stock price is $22 per share, Ava exercised all of her options. After acquiring the CAM shares with her stock options, she held the shares for over one year and sold on 10/1/Y6 them at $34 per share. Ava's ordinary marginal rate is 32 percent and her long-term capital gains rate is 15 percent? What are Ava's taxes due on the sale date (10/1/Y6)? You Answered 8,900 Correct Answer 1,800 margin of error +/- 2
Chapter9: Acquisitions Of Property
Section: Chapter Questions
Problem 66P
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