6. Assuming the stock price keeps increasing, which statement is true about the timing of exercising awarded non-qualified stock options (NQSOs)? (A) If the executive exercises early, ordinary income tax will be higher (B) If the executive exercises early, ordinary income tax will be lower (c) If the executive exercises later, ordinary income tax will be lower (D) If the executive exercises later, the exercise price will be lower (E) Timing of exercise does not affect the ordinary income tax owed 7. Which statement is true with respect to stock grants and 83(b) election? (A) With the 83(b) election you pay more taxes upfront but less taxes overall (B) With the 83(b) election you pay less taxes upfront but more taxes overall (c) With the 83(b) election you can get a tax deductible loss if the stock price declines (D) Without the 83(b) election you pay more taxes upfront but less taxes overall