Question: 2 (2 points) Bob has worked for his company for five years. During the first year of his employment, his company offered him a nonqualified

2 (2 points) Bob has worked for his company for five years. During the first year of his employment, his company offered him a nonqualified plan as a stock option. He was granted 100 shares that had a value of $26 per share. Shortly after his fifth year of employment, Bob decided to leave the company and exercise his options. When the options were exercised, they were valued at $31 per share. Assuming Bob's income tax rate is 28 percent, how much tax does Bob have to pay for this transaction? Question 2 options: a) $728 b) $140 c) $155 d) $868

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