Chatterjee is an executive with XYZ Corp. In 2015, XYZ gave Chatterjee 1,000 nonqualified stock options, each

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Chatterjee is an executive with XYZ Corp. In 2015, XYZ gave Chatterjee 1,000 nonqualified stock options, each with an option price of $60, when the price of XYZ stock was $80. In 2016 Chatterjee exercised 500 of the stock options, at a time when the price of XYZ stock was $90. As a result of the above, what amount should Chatterjee include in 2016 gross income?
a. $0
b. $15,000
c. $10,000
d. $ 5,000
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Related Book For  answer-question

South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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