Question: A revision to the tax code under TCJA is designed to benefit eligible employees of privately held corporations by allowing them to make an election

A revision to the tax code under TCJA is designed to benefit eligible employees of privately held corporations by allowing them to make an election to_______.

a) postpone for up to five years the payment of taxes on the value of qualified stock acquired through the exercise of employee stock options and/or restricted stock units.

b) receive cash in lieu of company stock.

c) postpone for up to five years the payment of capital gain taxes on the sale of stock acquired through the exercise of employee stock options.

d) sell restricted stock units back to the company.

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