In March 2015, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in
Question:
In March 2015, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2012. Serengeti acquired 5,000 shares of Thunder stock with a strike price of $65 per share. The fair market value of the stock at the date of exercise was $90 per share. Determine Serengeti's AMT adjustment related to these events:
a. For 2012.
b. For 2015.
Strike PriceIn finance, the strike price of an option is the fixed price at which the owner of the option can buy, or sell, the underlying security or commodity.
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No adjustment is needed in 2012 Neither the regular tax nor the AMT calculation is ...View the full answer
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Related Book For 
South Western Federal Taxation 2016 Comprehensive
ISBN: 9781305395114
39th Edition
Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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