Question: 9 8 . 0 % complete Question Jackie receives incentive stock options ( ISOs ) with an exercise price equal to the FMV at the

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Jackie receives incentive stock options (ISOs) with an exercise price equal to the FMV at the date of the grant of $22. Jackie exercises these options 3 years from the date of the grant when the FMV of the stock is $30. Jackie then sells the stock 3 years after exercising for $35. Which of the following statements is (are) true?
At the date of grant, Jackie will have ordinary income equal to $22.
At the date of exercise, Jackie will have W-2 income of $8.
At the date of sale, Jackie will have long-term capital gain of $13.
Jackies employer will not have a tax deduction related to the grant, exercise or sale of this ISO by Jackie.
A.3 only
B.3 and 4
C.2,3, and 4
D.1,2, and 4

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