Question

On January 1, last year, Randy was awarded 15,000 ISOs at an exercise price of $3 per share when the fair market value of the stock was equal to $3. On April 17, of the current year, Randy exercised all of his ISOs when the fair market value of the stock was $5 per share. At the date of exercise, what are the tax consequences to Randy?

Answer 1

Answer:

0-0

Explanation

111

222

333

444

555

666

777

888

999

1010