Question: 7 Part 2 of 4 0.5 points Required information Problem 12-28 (LO 12-2) (Algo) [The following information applies to the questions displayed below.] Yost received
7 Part 2 of 4 0.5 points Required information Problem 12-28 (LO 12-2) (Algo) [The following information applies to the questions displayed below.] Yost received 300 NQOS (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $30 per share). At the time he started working for Cutter Corporation three years ago, Cutter's stock price was $30 per share. Yost exercised all of his options when the share price was $60 per share. Two years after acquiring the shares, he sold them at $92 per share. (Input all amounts as positive values. Leave no answer blank. Enter zero if applicable.) eBook Print References Problem 12-28 Part b (Algo) b. What are Cutter Corporation's tax consequences (amount of deduction and tax savings from deduction) on the grant date, the exercise date, and the date Yost sold the shares? Amount of Deduction Tax Savings Grant date S 0$ 0 Exercise date S 90,000 $ 31,500 Sale date S 96,000
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